India's Nuvama Wealth Management hits record high as Investec initiates coverage
30/06/2026 10:25
BUZZ-India's Nuvama Wealth Management hits record high as Investec initiates coverage ** Shares of Nuvama Wealth Management NUVA.NS up about 2% to 1,803 rupees apiece--on track for fourth straight session of gains
** NUVA share price touches best day on record
** Investec initiates coverage of wealth management company with a "hold" rating, TP of 1,900 rupees apiece
** Brokerage sees Asset Services to be standout with high-margin, high operating leverage, and capital-light economics
** Co's wealth business provides access to underpenetrated and less competitive UHNI segment--Investec
** Brokerage sees NUVA well-positioned to deliver "sustained double-digit growth"
** RSI at 76, stock remains in overbought cetgory
** YTD, stock up 22.44%
(Reporting by Saikeerthi in Bengaluru)
((Saikeerthi@thomsonreuters.com; (+91) 8296756080))
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India's Nuvama Wealth Management hits record high as Investec initiates coverage
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