MOSL Reiterates Buy on Nuvama Wealth Management, Sets Target Price at ₹1,860
MOSL has maintained a Buy rating on Nuvama Wealth Management with a target price of ₹1,860, supported by strong wealth management industry tailwinds. The brokerage forecasts a revenue CAGR of 18% and a PAT CAGR of 19% over FY26–28, reflecting a steady growth outlook. The stock's valuation at 19x FY28E P/E is highlighted as particularly attractive, positioning it as one of the cheapest plays in the capital markets ecosystem.
10Jun 26
Nuvama Wealth Management Receives SEBI Approval for Mutual Fund Operations
Nuvama Wealth Management has secured SEBI approval to operate mutual fund services, marking a significant expansion into India's asset management industry. The regulatory clearance from the Securities and Exchange Board of India enables the company to formally offer mutual fund products and services. This development represents a key milestone in Nuvama Wealth Management's strategy to grow its asset management capabilities. The approval broadens the company's financial services portfolio within the regulatory framework of India's capital markets.
Nuvama Wealth Management Records ₹54.66 Crore Block Trade on NSE
Nuvama Wealth Management Ltd. recorded a block trade on the NSE involving approximately 4,12,505 shares at ₹1325.00 per share, aggregating to ₹54.66 crores. Such block trades are conducted through a dedicated exchange window to facilitate large-volume transactions. The deal highlights significant activity in the stock on the NSE.