India's 360 One Wam set to snap three-week losing run on earnings growth potential

360 One Wam

11/10/2024 07:54

** Shares of wealth management firm 360 One Wam  ONEW.NS 
rise 4.3% to 1,066.35 rupees 
    ** Stock has gained about 6% this week, eyes first weekly
gain in four and set to snap longest weekly losing streak since
May 2023
    ** Bulk of the gains after UBS initiates coverage of ONEW
with "buy", TP of 1,250 rupees on Wednesday
    ** UBS expects core profitablity to register 22.7% CAGR
(compound annual growth rate) in the next three years
    ** Says valuations remain attractive with market still
underestimating ONEW's EPS growth potential
    ** The mean rating of the 10 analysts tracking ONEW is
"buy"; median price target is 1169.50 rupees - LSEG data
    ** ONEW shares up 50% in 2024 so far, outperforming a 21%
rise in Nifty 500 index  .NIFTY500  of which it is a constituent

    

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))