Company updateMoneycontrol
Motilal Oswal raises Nuvama Wealth target to Rs 2160
Positive+15
GreyOak summary
Motilal Oswal reiterated a BUY rating for Nuvama Wealth with a revised target price of Rs 2,160. The firm noted Nuvama's 2QFY27 operating revenue grew 21% YoY to INR9.4b, while EBITDA rose 29% YoY to INR4.3b. The recommendation is based on SoTP valuations implying an FY28E P/E of 24x.
What it affects
- Nuvama Wealth ManagementNUVAMAPositive +15
Rolling sentiment Positive +58
Source
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