Nuvama Wealth share price: Brokerage stock up over 6% today, just 5% away from peak on strong Q2 results | Check target

Detailed summary

Nuvama Wealth shares rose as much as 6.6% after the company reported a 19.5% year-on-year increase in Q2 FY27 net profit to ₹303.5 crore and 20.35% revenue growth to ₹1,366 crore. Motilal Oswal reiterated its Buy rating and set a ₹2,160 target price.

Nuvama Wealth Management shares rallied as much as 6.6% on Thursday, November 12, to hit an intraday high of ₹1,963.95 on the BSE after the wealth management company reported a strong performance for the September quarter of FY27. The company posted a nearly 20% year-on-year increase in consolidated net profit, supported by growth across its wealth management, asset services and capital markets businesses.

The stock is now just 5% away from its record high of ₹2,067, touched in July 2026. It had hit its 52-week low of ₹1,097.25 in March 2026. Nuvama Wealth shares have gained 1% over the past month, 11.5% in three months, 22% in six months and 29% over the last one year.

Nuvama Wealth Management reported a 19.5% year-on-year increase in consolidated net profit to ₹303.5 crore for the September quarter of FY27, compared with ₹254 crore in the corresponding period last year. Revenue from operations increased 20.35% to ₹1,366 crore in Q2 FY27 from ₹1,135 crore a year earlier.

The company's wealth management business recorded 14% year-on-year revenue growth to ₹501 crore during the quarter. Asset services revenue jumped 53% to ₹245 crore, while revenue from the capital markets business increased 9% to ₹175 crore.

Nuvama's client assets reached ₹5.5 lakh crore, registering 25% growth year-on-year, reflecting continued expansion across its businesses.

Commenting on the performance, Ashish Kehair, MD and CEO of Nuvama Group, said, "We delivered another quarter of strong performance, with Q2 operating profits growing 26 per cent YoY and RoE remaining strong at 29 per cent. Wealth Management continued its track record of consistent compounding with record net flows, Asset Services sustained strong momentum, and Capital Markets delivered a healthy performance despite a softer market environment."

Brokerages remain constructive on Nuvama Wealth following its September quarter performance, citing healthy growth in its core businesses, improving operating efficiency and strong return…

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