Jefferies Reaffirms Their Buy Rating on Nuvama Wealth Management Limited (NUVAMA)
In a report released today, Jayant Kharote from Jefferies maintained a Buy rating on Nuvama Wealth Management Limited (NUVAMA – Research Report), with a price target of INR8,300.00. The company's shares closed yesterday at INR7,194.50.
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The word on The Street in general, suggests a Hold analyst consensus rating for Nuvama Wealth Management Limited.
Based on Nuvama Wealth Management Limited's latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of INR4.94 billion and a net profit of INR2.21 billion. In comparison, last year the company earned a revenue of INR3.32 billion and had a net profit of INR1.23 billion
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