360 ONE WAM rises 4% on upbeat projection by brokerages after B&K acquisition

Citi has maintained a Buy with target of Rs 1275 per share, and said that equity broking revenue could grow by as much as 15-20 percent over next three years, with B&K contributing around 75 percent to this growth.

Moneycontrol News

February 25, 2025 / 10:55 IST

360 One WAM shares hit 4% upper circuit under effect of the B&K acquisition

26 Aug, 2025 12:21

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Shares of 360 ONE WAM gained over 4 percent in early trading on February 25, after Citi issued an upbeat broking revenue projection, driven by its recent acquisition of Batlivala & Karani Securities for Rs 1,884 crore.

Citi has maintained a Buy with target of Rs 1275 per share, and said that equity broking revenue could grow by as much as 15-20 percent over next three years, with B&K contributing around 75 percent to this growth. It counts 360 ONE WAM as one of the preferred bets in the capital market space for its diversified asset base.

Motilal Oswal in its latest review has maintained a 'Buy' call on the stock with a target of Rs 1,250 (34x FY27e Earning Per Share), adding, "The B&K acquisition is a strategic fit, enhancing business through equity advisory for existing clients, benefiting corporate advisory, and leveraging 360 ONE’s relationships to scale IB operations".

The B&K deal is expected to be accretive on the earnings per share front by 3-5 percent, said MOSL, adding that the B&K business is likely to grow at a 15-25 percent revenue CAGR over 3-5 years, likely driven by existing and new customers.

"In the core business, 360 One is poised to gain market share in current market corrections, with clients holding 10 to 20 percent cash for equity deployment," said the report. The company's HNI as well as global business is also estimated to grow over 12-18 months.