Nuvama Wealth Shares Gain Over Six Percent Following Strong Second Quarter Earnings Growth
Nuvama Wealth shares climbed up to 6.6 percent after announcing a 19.5 percent rise in second quarter fiscal year 27 net profit reaching 303.5 crore rupees. Revenue expanded by 20.35 percent to 1,366 crore rupees, prompting Motilal Oswal to maintain a buy recommendation with a target price of 2,160 rupees.
Effective Not specified in the update
For professionals: Advisory professionals must evaluate client exposures against the newly established target price and monitor subsequent quarterly disclosures.
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