360 One WAM Shares Dip 5.32% Despite SEBI Nod for Credit Suisse India PMS Acquisition
360 One WAM's share price fell 5.32% to Rs 1,174.00, despite receiving SEBI approval for its subsidiary to acquire Credit Suisse India's Portfolio Management Services business. The acquisition, aimed at expanding 360 One WAM's wealth management footprint, still awaits final regulatory clearances. Despite the stock decline, analysts maintain a 'Buy' rating with a projected revenue growth of 17.20%. The market reaction suggests short-term caution among investors, possibly due to broader market conditions or integration concerns.

*this image is generated using AI for illustrative purposes only.
360 One WAM , a prominent player in the wealth and asset management sector, experienced a significant drop in its share price despite receiving a key regulatory approval. The company's stock fell 5.32% to Rs 1,174.00, even as the Securities and Exchange Board of India (SEBI) gave its nod for 360 One WAM's subsidiary to acquire Credit Suisse India's Portfolio Management Services (PMS) business.
Acquisition Details
The acquisition marks a strategic move for 360 One WAM to expand its footprint in the wealth management space. While SEBI's approval is a crucial step forward, the deal still awaits final regulatory clearances before it can be fully consummated.
Market Reaction and Analyst Outlook
Despite the share price decline, market analysts remain optimistic about 360 One WAM's prospects:
Metric | Value |
---|---|
Analyst Recommendation | Maintain 'Buy' rating |
Projected Revenue Growth | 17.20% |
The contrast between the stock's performance and analyst sentiment suggests that investors may be taking a cautious stance in the short term, possibly due to broader market conditions or specific concerns about the acquisition's integration.
Looking Ahead
As 360 One WAM moves closer to finalizing the acquisition of Credit Suisse India's PMS business, investors and industry observers will be keenly watching for:
- Final regulatory approvals
- Integration plans and timelines
- Potential synergies and their impact on revenue growth
- Any changes in the competitive landscape of the wealth management sector
The coming months will be crucial for 360 One WAM as it navigates the completion of this significant acquisition and works towards realizing the projected growth in its operations.
Historical Stock Returns for 360 One WAM
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
---|---|---|---|---|---|
-2.60% | +3.82% | +14.53% | +3.79% | +24.35% | +394.73% |