NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Nuvama Wealth Ltd. has reported decent performance in Q3, with the impact of large client exit largely offset by strong flows across the wealth management business and incremental client additions in the asset services business.
With the expectation of asset services business recovering to pre-client loss levels from Q4 FY26, sustained revenue momentum in wealth management, and improving cost trajectory, we expect 14%/15% revenue/PAT CAGR for FY25-28.
The brokerage has reduced its revenue estimates by 4%/5%/5% and improved the C/I ratio by 110-130bp for FY26E/FY27E/FY28E, considering the performance in Q3 FY26. Reiterates a Buy rating on the stock with a revised target price of Rs 1,750 (based on SOTP valuations), implying FY28E P/E of 21 times.
Click on the attachment to read the full report:
Motilal Oswal Nuvama Wealth Q3fy26 Results Review.pdf
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Watch LIVE TV, Get Stock Market Updates,
Top Business, IPO and
Latest News on NDTV Profit.
