Nuvama Wealth Management Limited, a leading wealth management firm in India, manages an impressive ₹4.41 trillion in client assets as of Q2 FY25. It serves a broad spectrum of clients, including over 4,050 high-net-worth families and approximately 1.2 million affluent and HNI customers. Nuvama offers comprehensive wealth management solutions tailored for individuals, organizations, CXOs, professional investors, family offices, and institutions. Their services cover a range of financial needs, including investment advisory, estate planning, investment management, lending, and broking. Additionally, Nuvama is a significant player in India’s capital markets, offering various alternative asset management products.
In its financial results for Q2 FY25, Nuvama reported a substantial 77.47% increase in net profit, reaching ₹257.64 crore, up from ₹145.17 crore in Q2 FY24. Revenue also grew notably, with a 42.99% rise to ₹1,051.35 crore compared to ₹735.26 crore a year prior. Ashish Kehair, MD & CEO, noted that the company’s strategic efforts have driven meaningful growth, resulting in a 55% increase in half-yearly revenue and a year-over-year doubling of profit. Over the past six months, Nuvama has built more client relationships than in the previous year, with client assets now surpassing ₹4 trillion, attributed to strong market performance and customer trust. The firm has expanded its workforce, adding 350 relationship managers in the past year, while also strengthening its presence in offshore markets and expanding beyond India’s tier-1 cities, with Goa being a recent addition. In asset management, Nuvama has grown rapidly, crossing the ₹10,000 crore mark within three years, with increased traction from institutional clients.
In recognition of its performance, Nuvama’s board declared an interim dividend of ₹63 per share, with a record date of November 7, 2024. The dividend is expected to be disbursed by November 23, 2024, after accounting for applicable taxes as per Finance Act 2020 requirements.
From a technical analysis perspective, Nuvama’s stock currently trades near ₹7,000, showing a consistent upward trend marked by a series of higher highs and higher lows. However, the stock is in a consolidation phase, needing a clear catalyst to push beyond its recent highs. Analysts suggest that investors should wait for a definitive breakout before initiating new positions, as this would offer a more reliable entry point in line with the ongoing trend. The stock is near its 20-day and 50-day EMAs, which could provide support for further upward movement if strong buying interest emerges.
Disclaimer: This information is for general informational purposes only and should not be considered financial advice. Investors are encouraged to perform their own research and consult with a qualified financial advisor before making any investment decisions. Nuvama Wealth Management Limited’s past performance does not guarantee future results. Market investments are subject to risks.
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