India's 360 ONE WAM gains, analysts see deal for UBS' India wealth business 'positive'

360 One Wam

23/04/2025 11:06

** Shares of 360 ONE WAM ONEW.NS rise 4.2%, gains for second straight session post announcement of deal to buy UBS' India wealth business

** Jefferies sees deal as structural positive on wealth management side and says it offers potential to get access to institutional clients

** ONEW's ability to offer global wealth solution to its existing Indian clients and offering domestic solutions to large global client base of UBS AG is likely to drive significant edge over competitors, Citi Research says

** Both brokerages rate ONEW 'buy'

** Analysts, on average, rate ONEW at "buy"; median price target is 1,173 rupees - data compiled by LSEG

** ONEW down ~16% so far in 2025

 (Reporting by Vijay Malkar)

 ((VijayDattaram.Malkar@thomsonreuters.com;))