In January 2025, the company had informed exchanges about the application seeking approval to act as the sponsor for Nuvama Mutual Fund. This would enable it to launch mutual funds as well as Specialized Investment Fund (SIF).
Motilal Oswal is bullish on Nuvama Wealth has recommended buy rating on the stock with a target price of Rs 8750 in its research report dated August 15, 2025.
Shares of Nuvama Wealth sank over six percent after SEBI restrained Jane Street Group from accessing the local securities market.
Motilal Oswal is bullish on Nuvama Wealth recommended buy rating on the stock with a target price of Rs 8600 in its research report dated May 29, 2025.
Motilal Oswal is bullish on Nuvama Wealth has recommended buy rating on the stock with a target price of Rs 6800 in its research report dated February 03, 2025.
All sectors barring information technology and metals ended in the red. The broader market also fell prey to profit booking with the small and midcap indices ending with losses.
Both the entities hold a combined stake of 7.32 per cent. Back in September, both entities had sold 6.2 per cent stake in an earlier block trade.