The company has recently announced the stock split of its shares, for which the record date has also been fixed.
Nuvama Wealth Management, a major company active in the field of financial services, remains the center of discussion in the stock market these days. The company has recently announced the stock split of its shares, for which the record date has also been fixed. Along with this, brokerage firm Citi, while giving its opinion on this stock, has set a big investment target, which is much higher than the current market price.
Due to both these news, the interest of investors in the shares of Nuvama Wealth has increased and the stock is seeing an increase.
Nuwama Wealth Management Company Craigie Stock Split
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According to the official information given by the company, Nuvama Wealth Management is going to do stock split of its shares for the first time. The company’s board has approved the stock split in the ratio of 5:1. This means that one existing share of the company with a face value of Rs 10 will be divided into 5 new shares of face value of Rs 2 each.
What is the record date?
The company has set the record date for this corporate action as Friday, December 26, 2025. The main objective of stock split is to increase the liquidity of shares in the market and to make the share price affordable for small investors, so that more and more people can invest in it.
What is the expert opinion regarding the shares of Nuvama Wealth Management?
Meanwhile, leading brokerage House Citi has given a ‘Buy’ rating to Nuwama Wealth, expressing confidence in its future performance. Citi has set a huge target price of Rs 10,175 for this share. The stock is currently trading around Rs 7,173, which means the brokerage expects an upside of about 42 percent from here or more than Rs 3,000 per share.
Citi believes that the recovery in the company’s ‘Asset Servicing’ business is on the right track and the decline in customer base will be fully recovered by the fourth quarter of the current financial year.
The brokerage report also said that due to the addition of new customers and strengthening of wealth flow, revenue may see a growth of 15 to 20 percent from the first quarter of FY 2027. Apart from this, the company’s new financial products are getting good response in the market and its expenses are also under control, due to which there is every possibility of margin improvement in the coming times.
Nuvama Wealth Management’s quarterly performance
Talking about financial performance, an annual growth of 7.7 percent was recorded in the total income of the company for the quarter ending September 2025, which increased to Rs 1,137.03 crore. However, the company’s net profit fell marginally to Rs 253.98 crore during this period. Amidst all these developments, the shares of Nuvama Wealth Management were seen trading with gains as soon as the market opened on Thursday.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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