Latest news with #360OneWAM
Time of India
28-04-2025
- Business
- Time of India
Top stocks to buy: Stock recommendations for the week starting April 28, 2025
Top stocks to buy (AI image) Stock market recommendations: According to Motilal Oswal Financial Services Ltd, the top stock picks for the week (starting April 28, 2025) are ICICI Bank and 360 One WAM. Let's take a look: Stock Name CMP (Rs) Target (Rs) Upside (%) ICICI Bank 1405 1600 14% 360One WAM 972 1200 23% ICICI Bank ICICI Bank reported a healthy Q4 performance with PAT ₹126b (5% beat, 18% YoY growth), driven by robust NIM expansion, healthy other income, controlled provisions and contained operating expenses. ICICI Bank posted 11% YoY NII growth with NIM rising by 16bp QoQ to 4.41%. Net advances grew 13% YoY, while deposits rose 14% YoY. Secured asset quality remained stable (excl. agri) with no signs of stress, leading to an improvement in the GNPA ratio. We upgraded our earnings estimates by 2.5%/4.2% for FY26/FY27 on the back of positive NIM surprise and controlled credit cost. We thus estimate RoA/RoE of 2.3%/17.5% in FY27. ICICI remains our top preference in the sector. 360 One WAM 360 ONE recorded its highest-ever annual PAT of INR10.2b (+27% YoY) driven by 41% YoY recurring revenue growth, improved ARR yields (76bp vs 72bp), and AUM surge to INR5.8t (+25% YoY), alongside a sharp cost-to-income ratio decline to 45.9%. Its exclusive collaboration with UBS—including a 4.95% stake acquisition (INR2.1b) & integration of UBS India's wealth business—unlocks global distribution channels, inbound/outbound client synergies, & access to offshore wealth solutions, amplifying cross-border growth potential. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Google Brain Co-Founder Andrew Ng, Recommends: Read These 5 Books And Turn Your Life Around Blinkist: Andrew Ng's Reading List Undo Management expects 20-25% AUM CAGR, expected to translate into revenue growth of 15-20% & PAT growth of 20-25%. 360ONE is well-placed to benefit from industry tailwinds, via UBS-driven global inflows, B&K's equity brokerage expansion, and mid-market penetration. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
News18
26-04-2025
- Business
- News18
Dividend, Bonus & Stock Split Next Week: HCL Tech, ABB India Among 18 Shares To Trade Ex-Date
Last Updated: Several companies, including HCL Technologies, Lloyds Engineering Works, and 360 One WAM, will trade ex-date for dividends, stock splits, and rights issues next week. Upcoming Dividend, Bonus Issue & Right Issue: In the coming week, several companies' shares including HCL Technologies, Lloyds Engineering Works, 360 One WAM, Max India, Vesuvius India, KSB, Mold-Tek Packaging and many more will trade ex-date for various corporate actions including dividend (interim and final), stock split bonus issue, right issue, etc. HCL Technologies Interim Dividend Record Date Shares of IT company HCL Technologies will trade ex-date on April 28 for the interim dividend of Rs 18 per share for FY2024-25. Cum-Dividend is the last day to buy the stock to become eligible for the said dividend, which is usually one day before the ex-date. 360 One WAM, Tanla Platforms, Vesuvius India, ABB India, ACEM Solar Holdings, Gujarat Intrux, KSB, Forbes Precision Tools and Machine Parts and Mold-Tek Packaging are other companies whose shares will trade ex-date this week for the dividends. GACM Technologies will be in focus with a Rights Issue of Equity Shares, with the record date set for April 28, 2025. Lloyds Engineering Works will similarly conduct a Rights Issue on the same date. Captain Technocast has announced a bonus issue in the ratio of 1:1, scheduled for April 29, 2025. Growington Ventures India and Max India are both offering Rights Issues of Equity Shares on the same day. United Polyfab Gujarat Limited announced stock split with ex-date on May 2.
Time of India
23-04-2025
- Business
- Time of India
360 One to buy UBS' local wealth management business
360 One WAM also entered into an exclusive tie-up with UBS that will help clients of both firms to gain access to each other's wealth management services. 360 One will also buy UBS's local stock broking and distribution business, discretionary and non-discretionary portfolio management services business, and residual loan portfolio, the release said. UBS has active assets under management of ₹26,000 crore as of December 21, 2024. Tired of too many ads? Remove Ads Mumbai: Swiss financial services giant UBS will sell its domestic wealth management business to 360 One WAM in a deal valued at ₹307 crore, said a joint release. The firm will also pick up a 4.95% stake in 360 One WAM by acquiring 20.5 million warrants at a price of ₹1,030 apiece to be converted within 18 months from the allotment date. 360 One WAM shares ended at ₹1,010 on Tuesday, up 5.84%.360 One will also buy UBS's local stock broking and distribution business, discretionary and non-discretionary portfolio management services business, and residual loan portfolio, the release said. UBS has active assets under management of ₹26,000 crore as of December 21, Mumbai-based firm handled ₹5,79,000 crore or $68 billion of rich investors' money, it said.360 One WAM also entered into an exclusive tie-up with UBS that will help clients of both firms to gain access to each other's wealth management services.
