Latest news with #NuvamaWealth
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Business Standard
29-05-2025
- Business
- Business Standard
Nuvama Wealth Management Q4 results: Net profit rises 41% to Rs 255 crore
Nuvama Wealth Management on Thursday reported a 41 per cent growth in net profit to Rs 255 crore for the fourth quarter ended March 2025. The wealth management firm earned a profit after tax of Rs 181 crore in the March quarter of 2023-24. Its total income rose to Rs 1,125 crore during the March quarter from Rs 929 crore in the corresponding quarter of FY24. For the full 2024-25 fiscal, Nuvama Wealth reported a 58 per cent growth in net profit to Rs 985 crore. In FY24, it had a profit of Rs 625 crore. Nuvama Group MD & CEO Ashish Kehair said in the Wealth Management business, the company saw strong momentum in net flows. "We continued to invest substantially for growth, we added sales capacity and expanded our geographical reach, including offshore. We further strengthened our digital infrastructure, including integration of AI tools to serve our clients better," Kehair said. The company's board has announced an interim dividend of Rs 69 per equity share of the face value of Rs 10 each for the financial year 2025-26. Shares of Nuvama Wealth Management closed at Rs 6,940.50, up 0.25 per cent over the previous close on BSE.
Time of India
19-05-2025
- Business
- Time of India
Stocks to buy today: D-Mart, DLF among top 3 trading ideas for 19 May 2025
The Indian market is likely to consolidate on Monday, tracking mixed global cues. Nifty futures closed marginally higher on Friday with gains of 0.01%, settling at 25,081. Meanwhile, India VIX declined over 2% to close at 16.55, indicating a drop in market volatility. On the options front, the highest Call open interest (OI) is seen at the 25,500 and 25,100 strike prices, while the maximum Put OI is placed at 25,000 and 24,500 strikes. Call writing is observed at 25,500 and 25,000 strikes, whereas Put writing is active at 25,000 and 24,700 levels. 'Options data suggests a broader trading range between 24,500 and 25,500, with an immediate range seen between 24,850 and 25,250,' said Chandan Taparia, Analyst–Derivatives at Motilal Oswal Financial Services . 'On the daily chart, Nifty50 formed a small-bodied candle on Friday, indicating a pause after the recent sharp up-move,' he added. Taparia recommends that Nifty must hold above the 24,900 zone to advance towards 25,200 and then 25,400 levels. On the downside, support is seen at 24,850 and then 24,700. Nifty closed above its previous range at 24,400, boosted by news of a ceasefire between India and Pakistan, propelling the index to a fresh 6-month high. 'After last week's 4.2% rally, the index is now headed towards 25,230 and 25,440 levels, provided it sustains above 24,750,' said Aakash Hindocha, Technical Analyst – Research, Nuvama Wealth. 'Any dips near 24,850 should be viewed as a buy-on-dips opportunity for the above-mentioned targets,' he added. Bank Nifty closed at a record high on the weekly charts on Friday and also registered a short-term bullish flag breakout on the daily chart. 'Dips below 55,000 are likely to attract buying interest, with an immediate upside target of 56,200. Key support is seen at 54,400,' Hindocha recommended. Stocks to Watch for Short-Term Traders Expert: Aakash Hindocha, Technical Analyst – Research, Nuvama Wealth (as told to ETBureau) D-Mart: Buy | Target: Rs 4,550 | Stop Loss: Rs 4,040 DLF: Buy | Target: Rs 777 | Stop Loss: Rs 685 Exide Industries: Buy | Target: Rs 424 | Stop Loss: Rs 381 ( Disclaimer : Recommendations, suggestions, views, and opinions given by experts are their own. These do not represent the views of The Economic Times)
