India's Nuvama Wealth hits record high as Q3 profit rises two-fold
** Shares of Nuvama Wealth Management NUVA.NS rise as much
as 14.3% to a record high of 3,898 rupees
** Brokerage services provider reported a two-fold surge in
Q3 consol net profit
** Co aided by income from its capital markets business
** Stock has gained ~43% since listing in Sept.
** More than 410,000 shares change hands, 7x its 30-day avg,
stock eyes most active trading session since Nov. 13
** Stock gained 49% in Q3
(Reporting by Ashna Teresa Britto in Bengaluru)
((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))
Recent news on Nuvama Wealth Management
See all newsMedia: HSBC competing with private equity buyout groups to acquire India's Nuvama Wealth and Investment - ET
Brief: Nuvama Wealth Management Approves Issue Of NCDs Worth 5 Billion Rupees
Brief: Nuvama Wealth Management June-Quarter Consol Net Profit 3.06 Billion Rupees
India's Nuvama Wealth Management hits record high as Investec initiates coverage
Nuvama Wealth rises; Investec starts coverage with 'hold'