# Nuvama Wealth Management (NUVAMA) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/nuvama

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹1,858
- Change: -0.82%
- As of: 2026-11-06
- 1D return: -0.82%
- 5D return: +7.03%
- 1M return: +6.94%
- Latest complete quarter: fy27_q2

## Faxioms Analysis

_As of 2026-11-06_

### Technical Outlook

NUVAMA is trading at ₹1858.0 as of 2026-11-06, positioned near the upper end of its recent ranges (+77.1% in the 20-day and 50-day periods, +78.5% in the 252-day period). The technical structure remains bullish across daily, weekly, and monthly timeframes, with price holding above all key moving averages (20, 50, and 200-period) and the Supertrend indicator. However, trend conviction on the daily chart is weak, indicated by an ADX of 17.06, contrasting with established trends on the weekly (ADX 26.39) and monthly (ADX 28.91) charts. This divergence suggests a potential consolidation phase despite the broader upward trajectory.

Momentum has been mixed recently; while the stock gained +11.8% over the last 10 days, it declined -0.8% on the latest session with moderate participation. An extreme upward gap occurred on 2026-11-05 (+1.5%), followed by a pullback. Resistance is immediate at ₹1888.55 (1.64% above) and ₹1891.47 (1.80% above), while support lies at ₹1846.93 (0.60% below) and ₹1821.40 (1.97% below). The stock carries high volatility (annualized 41.7%) and is currently in a -6.2% drawdown from its available high. A break above ₹1891.47 with sustained volume would confirm renewed bullish momentum, whereas a close below ₹1846.93 could signal further short-term weakness.

- Trend Structure: Bullish across all timeframes (price above SMA/EMA/Supertrend), but daily trend strength is weak (ADX 17.06) versus established weekly (ADX 26.39) and monthly (ADX 28.91) trends.
- Price Positioning: Trading at ₹1858.0, near the top of its 20-day, 50-day, and 252-day ranges (+77–78.5%). Immediate resistance at ₹1888.55 and ₹1891.47; support at ₹1846.93 and ₹1821.40.
- Recent Action: Extreme upward gap on 2026-11-05 (+1.5%) followed by a -0.8% decline on 2026-11-06. 10-day return is +11.8%, but current drawdown is -6.2% from highs.
- Volatility & Risk: High annualized volatility of 41.7% and ATR of 4.16%. Maximum historical drawdown stands at -33.0%.

- Bullish Engulfing Reversal
- Harami
- Outside Bar
- Inside Bar
- Doji

### News Context

Nuvama Wealth Management is scheduled to announce its Q2 FY2026 results on November 6, 2026, marking a key event in the current quarterly earnings season. Prior to this announcement, multiple brokerages highlighted strong technical momentum for the stock. Axis Direct recommended buying Nuvama with a target range of ₹1,764–₹1,800 and cited potential upside of up to 27%. Similarly, The Hindu Business Line’s research bureau suggested buying at ₹1,866, noting that shares had traded in a ₹1,600–₹1,900 range since August and could see a bullish breakout above ₹1,900 targeting ₹2,150. These technical views were reinforced by broader market gains driven by declining crude oil prices and foreign institutional investor buying. Investors should monitor the upcoming Q2 results for fundamental validation of these technical trends.

- Q2 FY2026 results announcement scheduled for November 6, 2026.
- Axis Direct recommends buying with a target range of ₹1,764–₹1,800, citing up to 27% upside.
- Technical analysis from The Hindu Business Line suggests a breakout above ₹1,900 could target ₹2,150.
- Stock has traded in a ₹1,600–₹1,900 range since August 2026.

- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [Stocks to buy in November: Axis Direct names Nuvama, BEML and Petronet, sees up to 27% upside; target, rationale](https://www.livemint.com/market/stock-market-news/stocks-to-buy-in-november-axis-direct-names-nuvama-beml-and-petronet-sees-up-to-27-upside-target-rationale-11793790461951.html)
- [Groww, Nuvama Wealth, Prestige Estates: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/groww-nuvama-wealth-prestige-estates-top-stocks-to-trade-check-key-levels-targets-stop-loss-565552-2026-11-04)
- [Stock to buy today: Nuvama Wealth Management (₹1,866) – BUY](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-nuvama-wealth-management-1866-buy/article71660784.ece)

### What Changed

On November 6, 2026, Nuvama Wealth Management reported unaudited financial results for the quarter and half-year ended September 30, 2026. The company posted a 26% year-over-year increase in consolidated operating profit after tax to ₹319 crore for Q2 FY27, with half-year PAT reaching ₹625 crore. Client assets grew 25% year-over-year to ₹5.5 trillion, driven by record net new money in both Managed Products & Investment Solutions (MPIS) and Annual Recurring Revenue (ARR) segments. The Board authorized investments of up to ₹400 crores in wholly owned subsidiary Nuvama Wealth Finance Limited and up to ₹300 crores in Nuvama Wealth and Investment Limited through equity share subscriptions. Additionally, SEBI approved the launch of the 'Numa SIF' Specialized Investment Fund platform. On the same date, the stock closed at ₹1858.00, down from the previous close of ₹1873.40.

- Q2 FY27 consolidated operating PAT rose 26% YoY to ₹319 Cr; H1 PAT reached ₹625 Cr.
- Client assets increased 25% YoY to ₹5.5 trillion, supported by record net new money in MPIS and ARR segments.
- Board approved equity subscriptions of up to ₹400 Cr in NWFL and ₹300 Cr in NWIL.
- SEBI approved the launch of the 'Numa SIF' specialized investment fund platform.
- Stock price declined 0.8% on November 6, 2026, closing at ₹1858.00 versus the prior close of ₹1873.40.

- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NWML_06112026140112_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/NWML_06112026140536_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/NWML_06112026143102_SE_InvestorPPT.pdf)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144412651.xml)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144501247.xml)

### Official Filings

Nuvama Wealth Management Limited (NSE: NUVAMA) reported unaudited consolidated financial results for the half-year ended September 30, 2026, on November 6, 2026. The company posted a 26% year-over-year increase in consolidated operating profit after tax to ₹319 crore for Q2 FY27, with half-year PAT reaching ₹625 crore. Client assets grew 25% year-over-year to ₹5.5 trillion, driven by record net new money in Managed Products & Investment Solutions and Annual Recurring Revenue segments. The Board also authorized investments of up to ₹400 crore in wholly owned subsidiary Nuvama Wealth Finance Limited and up to ₹300 crore in Nuvama Wealth and Investment Limited through equity share subscriptions. Additionally, SEBI approved the launch of the 'Numa SIF' Specialized Investment Fund platform. On November 3, 2026, the company allotted 33,912 equity shares under its ESOP scheme, increasing paid-up capital from ₹369.03 million to ₹369.10 million. An earnings conference call is scheduled for November 9, 2026.

- H1 FY27 PAT reached ₹625 crore, with Q2 operating PAT rising 26% YoY to ₹319 crore.
- Client assets grew 25% YoY to ₹5.5 trillion, supported by record net inflows in MPIS and ARR segments.
- Board approved equity investments of up to ₹400 crore in NWFL and ₹300 crore in NWIL.
- SEBI approved the launch of the 'Numa SIF' specialized investment fund platform.

- [Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NWML_06112026140112_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/NWML_06112026140536_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/NWML_06112026143102_SE_InvestorPPT.pdf)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144412651.xml)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144501247.xml)
- [Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 33912 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/NWML_03112026112011_SE_ESOPAllotment_0311.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of Securities |SUBJECT: Alteration Of Capital and Fund Raising-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_21997_WebXMLFile_20261103_182239359.xml)
- [Financial Results |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/NWML_02112026170348_SE_BMIntimation3009.pdf)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange about Board Meeting to be held on 06-Nov-2026 to inter-alia consider and approve the Unaudited Financial results of the Company for the Quarterly ended September 2026 . |SUBJECT: Board Meeting Intimation](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_21997_WebXMLFile_20261102_172704075.xml)
- [Board Meeting Intimation |Meeting Date: 06-Nov-2026](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_21997_WebXMLFile_20261102_172704075.xml)

### Fundamentals

Nuvama Wealth Management demonstrates a clear trajectory of top-line expansion and earnings growth, though cash generation remains a critical divergence. In Q1 FY2026-27, revenue from operations rose sequentially to ₹1,376.22 crore, with Profit Before Tax increasing to ₹408.07 crore. This follows strong historical performance, including a 5-year compounded profit growth of 59% and consistent Return on Equity above 24%. However, the quality of these earnings is challenged by persistent negative operating cash flows; CFO/EBITDA was -109% in Mar 2026, and Cash from Operating Activity fell sharply to -₹3,014 crore in that fiscal year. The company has relied on financing activities (₹3,181 crore in Mar 2026) to fund operations, while borrowings have risen significantly from ₹6,746 crore in Mar 2024 to ₹11,544 crore in Mar 2026. While promoter holding has slightly diluted to 53.4%, institutional interest from FIIs and DIIs has grown substantially. The key tension lies between robust accounting profits and weak cash conversion, requiring close monitoring of working capital management.

- Q1 FY2026-27 Revenue grew sequentially to ₹1,376.22 crore, with PBT rising to ₹408.07 crore, continuing a trend of high profitability (5-year CAGR profit growth: 59%).
- Operating cash flow remains deeply negative; CFO/EBITDA ratio was -109% in Mar 2026, with operating cash outflow widening to -₹3,014 crore for the full year.
- Leverage has increased materially, with borrowings rising to ₹11,544 crore in Mar 2026 from ₹6,746 crore in Mar 2024, funded largely by financing inflows.
- Institutional ownership is strengthening, with FII stake growing to 19.97% and DII stake to 8.36% in Sep 2026, contrasting with a slight dip in promoter holding to 53.4%.

### Bull Case

Nuvama Wealth Management presents a conditional upside case supported by multi-timeframe technical strength and recent brokerage recognition. As of November 6, 2026, the stock trades at ₹1,858, with daily and weekly Supertrend indicators signaling bullish momentum. The Plus DI (24.88) significantly exceeds the Minus DI (17.77) on the daily chart, indicating dominant buying pressure. Over the past year, the stock has delivered a +27.1% return, outperforming shorter-term metrics like the one-month return of +1.0%. Axis Direct has identified improving technical momentum, setting a buy range of ₹1,764–₹1,800 with potential upside targets up to 27%. Key resistance levels are positioned at ₹1,888.55 and ₹1,917.93, while support holds near ₹1,846.93. A sustained move above the ₹1,900 psychological barrier could unlock further gains toward ₹2,150, as noted in recent technical analysis.

- Multi-timeframe bullish structure: Daily and weekly Supertrends are positive, with daily Plus DI (24.88) leading Minus DI (17.77).
- Strong annual performance: The stock has gained +27.1% over the last year and +27.4% year-to-date as of Nov 6, 2026.
- Brokerage endorsement: Axis Direct cites improving technical momentum, recommending a buy range of ₹1,764–₹1,800 with upside potential of up to 27%.
- Critical technical threshold: A breakout above the ₹1,900 level is viewed as a catalyst for targeting ₹2,150, with immediate resistance at ₹1,888.55.

- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [Stocks to buy in November: Axis Direct names Nuvama, BEML and Petronet, sees up to 27% upside; target, rationale](https://www.livemint.com/market/stock-market-news/stocks-to-buy-in-november-axis-direct-names-nuvama-beml-and-petronet-sees-up-to-27-upside-target-rationale-11793790461951.html)
- [Groww, Nuvama Wealth, Prestige Estates: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/groww-nuvama-wealth-prestige-estates-top-stocks-to-trade-check-key-levels-targets-stop-loss-565552-2026-11-04)
- [Stock to buy today: Nuvama Wealth Management (₹1,866) – BUY](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-nuvama-wealth-management-1866-buy/article71660784.ece)
- [Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NWML_06112026140112_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/NWML_06112026140536_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/NWML_06112026143102_SE_InvestorPPT.pdf)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144412651.xml)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144501247.xml)
- [Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 33912 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/NWML_03112026112011_SE_ESOPAllotment_0311.pdf)

### FAQs

**What were Nuvama Wealth Management's key financial results for Q2 FY27?**

For the quarter ended September 30, 2026, Nuvama reported consolidated operating profit after tax (PAT) of ₹319 Cr, a 26% year-over-year increase. Half-year PAT reached ₹625 Cr. Client assets grew 25% YoY to ₹5.5 trillion, with record net new money in both Managed Products & Investment Solutions and Annual Recurring Revenue segments.

**How has the stock performed technically over recent periods?**

As of November 6, 2026, the stock closed at ₹1,858. It has delivered returns of +27.4% YTD, +31.4% over six months, and +27.1% over one year. Technical indicators show a bullish daily supertrend direction, though the stock is currently in a -6.2% drawdown from its peak, with an annualized volatility of +41.7%.

**What strategic developments or capital actions were announced alongside the results?**

The Board approved investments of up to ₹400 crores in subsidiary Nuvama Wealth Finance Limited and up to ₹300 crores in Nuvama Wealth and Investment Limited through equity share subscriptions. Additionally, the company received SEBI approval to launch 'Numa SIF', a Specialized Investment Fund platform.

- [Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- [Stocks to buy in November: Axis Direct names Nuvama, BEML and Petronet, sees up to 27% upside; target, rationale](https://www.livemint.com/market/stock-market-news/stocks-to-buy-in-november-axis-direct-names-nuvama-beml-and-petronet-sees-up-to-27-upside-target-rationale-11793790461951.html)
- [Groww, Nuvama Wealth, Prestige Estates: Top stocks to trade — Check key levels, targets & stop loss](https://www.businesstoday.in/markets/trending-stocks/story/groww-nuvama-wealth-prestige-estates-top-stocks-to-trade-check-key-levels-targets-stop-loss-565552-2026-11-04)
- [Stock to buy today: Nuvama Wealth Management (₹1,866) – BUY](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-nuvama-wealth-management-1866-buy/article71660784.ece)
- [Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended September 30, 2026. |SUBJECT: Outcome of Board Meeting](https://nsearchives.nseindia.com/corporate/NWML_06112026140112_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about General Updates |SUBJECT: General Updates](https://nsearchives.nseindia.com/corporate/NWML_06112026140536_SE_BMOutcome_30092026.pdf)
- [Nuvama Wealth Management Limited has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation](https://nsearchives.nseindia.com/corporate/NWML_06112026143102_SE_InvestorPPT.pdf)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144412651.xml)
- [NUVAMA WEALTH MANAGEMENT LIMITED has informed the Exchange regarding Acquisition (including agreement to acquire) |SUBJECT: Acquisition (including agreement to acquire)-XBRL](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144501247.xml)
- [Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 33912 Shares. |SUBJECT: ESOP/ESOS/ESPS](https://nsearchives.nseindia.com/corporate/NWML_03112026112011_SE_ESOPAllotment_0311.pdf)
## Technical analytics

- As of: 2026-11-06
- Daily trend: Strong Uptrend
- Weekly trend: Moderate Uptrend
- Pivot point: ₹1,891.47
- Risk regime: Price Risk Requires Attention

### Support levels
- 1821.4
- 1739.25
- 1428.8000000000002

### Resistance levels
- 1888.5500000000002
- 1955
- 1993.7

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | -0.82% |
| return_10 | +11.80% |
| return_1m | +1.04% |
| return_1y | +27.12% |
| return_20 | +6.94% |
| return_3m | +12.04% |
| return_5 | +7.03% |
| return_6m | +31.44% |
| return_since_start | +32.91% |
| return_ytd | +27.39% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | elevated_risk |
| label | Price risk requires attention |
| summary | Recent drawdown or price variability is high enough to warrant closer monitoring. |
| maximum_drawdown | -33.00% |
| annualized_volatility | +41.70% |

## Quarterly financials

- Latest complete quarter: fy27_q2

# Nuvama Wealth Management Limited Q2 FY2026-27: Revenue rises 20% year on year

Nuvama reported revenue from operations of ₹1,366 crore for the quarter ended 30 September 2026, up 20.4% year on year but 0.7% below Q1 FY2026-27. Profit before tax was ₹409 crore, up 22.3% year on year and broadly flat sequentially; profit for the period was ₹303 crore. Operating cash flow was negative ₹1,646 crore.

## Revenue growth was led by interest income

Revenue from operations was ₹1,366 crore, compared with ₹1,376 crore in Q1 FY2026-27 and ₹1,135 crore in Q2 FY2025-26. Interest earned rose 4.3% sequentially to ₹653 crore. Fees and commission income was ₹617 crore, while net gains on fair value changes were ₹95 crore. Other income was ₹1.5 crore, down from ₹5.7 crore in Q1.

Total income was ₹1,368 crore, compared with ₹1,382 crore in Q1 FY2026-27 and ₹1,138 crore in Q2 FY2025-26.

## Pre-tax profit was steady sequentially; profit after tax edged lower

Expenses declined 1.6% sequentially to ₹958 crore. Other expenses fell 27% to ₹132 crore; employee benefit expense was ₹388 crore and finance costs were ₹295 crore. Impairment on financial instruments was a charge of ₹1.7 crore, compared with a reversal of ₹1.1 crore in Q1.

Profit before tax was ₹409 crore, marginally above ₹408 crore in Q1 FY2026-27 and 22.3% higher than ₹335 crore in Q2 FY2025-26. Tax expense was ₹107 crore, against ₹105 crore in Q1. Current tax was ₹114 crore and deferred tax was a credit of ₹7.6 crore.

Profit for the period was ₹303 crore, compared with ₹306 crore in Q1 FY2026-27 and ₹254 crore in Q2 FY2025-26. Basic and diluted earnings per share were ₹16.54 and ₹16.25, respectively. Trailing-twelve-month basic EPS was ₹62.13.

## Assets and financial liabilities increased

Total assets stood at ₹36,211 crore at 30 September 2026, compared with ₹34,491 crore at 31 March 2026 and ₹24,256 crore at 30 September 2025. Loans were ₹9,596 crore, up from ₹6,415 crore a year earlier. Bank balances other than cash and cash equivalents were ₹21,401 crore, while debt securities were ₹12,565 crore.

Financial liabilities were ₹31,288 crore. Borrowings were ₹633 crore, down from ₹1,261 crore at 30 September 2025, while other financial liabilities were ₹15,786 crore. Equity attributable to owners was ₹4,553 crore, compared with ₹3,790 crore a year earlier.

## Operating cash outflow exceeded quarterly profit

Operating cash flow was negative ₹1,646 crore and investing cash flow was negative ₹49 crore. Free cash flow was negative ₹1,695 crore, while financing activities provided ₹1,474 crore. Cash and cash equivalents were ₹361 crore at quarter-end, down from ₹581 crore at 31 March 2026. The operating cash outflow was substantially larger than quarterly profit, making cash conversion an important feature of the results.

## Key Takeaway

Revenue and pre-tax profit grew materially year on year, while both revenue and profit for the period were slightly lower than in Q1 FY2026-27. The balance sheet expanded, with higher loans and financial liabilities, and the sizeable operating cash outflow contrasted with reported quarterly profit.

### Ratios

## Shareholding pattern

- Quarter: FY2027-Q1
- As of: 2026-06-30
- Promoter holding: +53.98%
- FII holding: +19.00%
- DII holding: +8.49%
- Mutual fund holding: +6.77%
- Retail holding: +7.83%
- Promoter pledged: +0.00%

### Major reported shareholders

- Pagac Ecstasy Pte Ltd — +53.12% (Overseas Corporate Bodies)
- Smallcap World Fund, Inc — +4.93%
- Kotak Midcap Fund — +3.88%
- Rashesh Chandrakant Shah — +2.39%
- Invesco India Focused Fund — +1.56%
- Mukul Mahavir Agrawal — +1.37%
- Asia Pragati Strategic Investment Fund — +0.86% (Bodies Corporate)

## Official filings

- 2026-11-06 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_06112026140112_SE_BMOutcome_30092026.pdf)
- 2026-11-06 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_06112026140536_SE_BMOutcome_30092026.pdf)
- 2026-11-06 — Earnings Presentation: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_06112026143102_SE_InvestorPPT.pdf)
- 2026-11-06 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144412651.xml)
- 2026-11-06 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/REG30_Restructuring_21997_WebXMLFile_20261106_144501247.xml)
- 2026-11-06 — Financial Results Filing: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1754753_06112026042506_WEB.xml)
- 2026-11-06 — Financial Results Filing: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/INTEGRATED_FILING_NBFC_INDAS_1754758_06112026042628_WEB.xml)
- 2026-11-03 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_03112026112011_SE_ESOPAllotment_0311.pdf)
- 2026-11-03 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_21997_WebXMLFile_20261103_182239359.xml)
- 2026-11-02 — Board Meeting Notice: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_02112026170348_SE_BMIntimation3009.pdf)
- 2026-11-02 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_21997_WebXMLFile_20261102_172704075.xml)
- 2026-11-02 — Board Meeting Notice: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_21997_WebXMLFile_20261102_172704075.xml)
- 2026-10-19 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_19102026181731_SE_SIF_approval_F.pdf)
- 2026-10-08 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_08102026124514_SE_74_5__-_F.pdf)
- 2026-09-30 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_30092026184524_SE_TradingWindow_Sept2026.pdf)
- 2026-09-30 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/CLOSURE_TRADING_WINDOW_21997_WebXMLFile_20260930_184923957.xml)
- 2026-09-29 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_29092026193042_SE_Voting_Results_and_Cons_Scrutiniser_Report.pdf)
- 2026-09-28 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_28092026192538_SE_Proceeding_of_AGM.pdf)
- 2026-09-25 — Regulatory Filing: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NUVAMA_09252026152758_53361.zip)
- 2026-09-24 — Shareholding Disclosure: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/team_bbodade_11092026164446_NUVAMA31.pdf)
- 2026-09-22 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_21997_WebXMLFile_20260922_122434463.xml)
- 2026-09-21 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_21092026222845_SE_ESOPAllotment_2109.pdf)
- 2026-09-07 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_07092026212504_SE_ESOPAllotment0709.pdf)
- 2026-09-07 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/ALTERATION_OF_CAPITAL_AND_FUND_RAISING_21997_WebXMLFile_20260907_212910291.xml)
- 2026-09-04 — Generic Announcement: Nuvama Wealth Management Limited — [Official attachment](https://nsearchives.nseindia.com/corporate/NWML_04092026160054_SENewspaperCompaniesAct.pdf)

## News and market events

- 2026-11-06 — The Hindu: **Q2 Results Today Live: Hindalco, Bosch, Siemens, Aster DM, Coromandel Intl, Gland Pharma, Voltas, Nuvama Wealth, 3M India to announce Q2 results, Bharti Airtel, LIC, Titan, ONGC, M&M shares in focus** — The Hindu Business Line is providing live updates on the Q2 FY2026 earnings announcements for a broad range of listed Indian companies, including Hindalco, Bosch, Siemens, and Titan. The report highlights that shares of major entities such as Bharti Airtel, LIC, ONGC, and Mahindra & Mahindra are in focus during this quarterly results season. — [Source](https://www.thehindubusinessline.com/markets/q2-results-today-live-updates-hindalco-ind-bosch-siemens-aster-dm-coromandel-intl-gland-pharma-voltas-nuvama-wealth-3m-india-airtel-lic-titan-mahindra-ongc-company-results-06-november-2026/article71669522.ece)
- 2026-11-04 — Mint: **Stocks to buy in November: Axis Direct names Nuvama, BEML and Petronet, sees up to 27% upside; target, rationale** — Axis Direct has recommended buying Nuvama Wealth Management, BEML, and Petronet LNG for November, citing improving technical momentum across all three stocks. The brokerage set buy ranges of ₹1,764–₹1,800 for Nuvama, ₹1,975–₹2,015 for BEML, and ₹289–₹295 for Petronet LNG, with potential upside of up to 27% based on their respective target price ranges. — [Source](https://www.livemint.com/market/stock-market-news/stocks-to-buy-in-november-axis-direct-names-nuvama-beml-and-petronet-sees-up-to-27-upside-target-rationale-11793790461951.html)
- 2026-11-04 — BUSINESSTODAY: **Groww, Nuvama Wealth, Prestige Estates: Top stocks to trade — Check key levels, targets & stop loss** — Indian equity benchmarks posted sharp gains driven by declining crude oil prices, foreign institutional investor buying, and easing geopolitical pressures. Traders are focusing on Groww, Nuvama Wealth Management, and Prestige Estate Projects, which have shown technical breakouts with bullish sentiment confirmed by moving averages and volume spikes. Axis Direct analysts recommend buying these stocks, citing favorable technical indicators and specific target price ranges for the upcoming trading session. — [Source](https://www.businesstoday.in/markets/trending-stocks/story/groww-nuvama-wealth-prestige-estates-top-stocks-to-trade-check-key-levels-targets-stop-loss-565552-2026-11-04)
- 2026-11-04 — The Hindu: **Stock to buy today: Nuvama Wealth Management (₹1,866) – BUY** — Nuvama Wealth Management shares have traded in a ₹1,600–₹1,900 range since August, with technical analysis suggesting a potential bullish breakout above ₹1,900 that could target ₹2,150. The Businessline research bureau recommends buying at ₹1,866 and accumulating on dips to ₹1,820, while advising traders to use specific stop-loss levels and exit long positions at ₹2,130. These recommendations are based solely on technical analysis and carry the risk of loss. — [Source](https://www.thehindubusinessline.com/portfolio/technical-analysis/stock-to-buy-today-nuvama-wealth-management-1866-buy/article71660784.ece)
- 2026-10-08 — BUSINESS: **Indian Hotels, NALCO among Ajit Mishra's 3 stock recommendations for today** — Nifty fell 0.76 per cent as RBI's rate hike, higher inflation outlook and global macro risks weighed on sentiment. — [Source](https://www.business-standard.com/markets/news/ajit-mishra-s-3-stock-recommendation-buy-indian-hotels-nuvama-sell-nalco-126100800117_1.html)
- 2026-10-06 — Mint: **Stock recommendations for 6 October from MarketSmith India** — MarketSmith India reveals its top stock recommendations for today, 6 October. Get expert insights into the best-performing stocks to guide your investment decisions. — [Source](https://www.livemint.com/market/stock-market-news/stock-recommendations-for-6-october-from-marketsmith-india-11791205959545.html)
- 2026-09-30 — Economic Times: **Inox Clean Energy files DRHP for Rs 10,000 crore IPO, largest in Indian private sector renewable energy space** — Inox Clean Energy has filed for a Rs 10,000-crore IPO, comprising a fresh issue of up to Rs 8,000 crore and an OFS of up to Rs 2,000 crore, as it expands its renewable power and solar manufacturing business. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/inox-clean-energy-files-drhp-for-rs-10000-crore-ipo-largest-in-indian-private-sector-renewable-energy-space/articleshow/134583774.cms)
- 2026-09-30 — CNBC-TV18: **Inox Clean Energy files DRHP for ₹10,000-crore IPO** — The renewable energy company plans to raise up to ₹8,000 crore through a fresh issue of shares, while promoter Devansh Jain will offer shares worth up to ₹2,000 crore through an offer-for-sale (OFS), according to a BSE filing. — [Source](https://www.cnbctv18.com/market/inox-clean-energy-files-drhp-ipo-papers-to-raise-funds-fresh-issue-ofs-debt-repayment-proceeds-20001725.htm)
- 2026-09-29 — Mint: **Subway brand parent owner in India EverBrands files DRHP for raising of funds via IPO** — EverBrands India Limited has submitted its Draft Red Herring Prospectus to SEBI for an IPO. The company, formerly Culinary Brands Private Limited, features well-known brands like Subway and Lavazza, operating as a multi-brand food and beverages platform. — [Source](https://www.livemint.com/market/ipo/subway-brand-parent-owner-in-india-everbrands-files-drhp-for-raising-of-funds-via-ipo-11790676003646.html)
- 2026-09-29 — Economic Times: **Subway India operator EverBrands files IPO papers with Sebi. Check details** — EverBrands India, which operates Subway restaurants, is planning an IPO to raise Rs 600 crore. The funds will mainly support debt repayment and the expansion of Subway stores. As of March 2026, the company has 1,008 Subway stores across India and plans significant growth in the coming years. The food services market in India is projected to grow substantially, attracting interest from investors. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/subway-restaurants-operator-everbrands-india-files-papers-for-rs-600-crore-ipo/articleshow/134561897.cms)
- 2026-09-22 — MONEYCONTROL: **Pioneer Fil-Med receives SEBI approval for raising funds via IPO** — Pioneer Fil-Med IPO news,Pioneer Fil-Med IPO details,Pioneer Fil-Med IPO size,Pioneer Fil-Med IPO DRHP — [Source](https://www.moneycontrol.com/news/business/ipo/pioneer-fil-med-receives-sebi-approval-for-raising-funds-via-ipo-14035659.html)
- 2026-09-21 — MONEYCONTROL: **Race for Nuvama Wealth: EQT, Brookfield, ChrysCapital, Axight picked for next round** — Nuvama, Nuvama Wealth Management, PAG, EQT, Brookfield, ChrysCapital, Axight — [Source](https://www.moneycontrol.com/news/business/race-for-nuvama-wealth-eqt-brookfield-chryscapital-axight-picked-for-next-round-14034506.html)
- 2026-09-16 — BUSINESSTODAY: **Kanohar Electricals listing: Stock makes debut at 8% premium to IPO price** — Kanohar Electricals IPO, Kanohar Electricals IPO allotment status, Kanohar Electricals IPO application status, Kanohar Electricals IPO allotment, Kanohar Electricals IPO GMP, Kanohar Electricals IPO GMP today, Kanohar Electricals IPO allotment odds, Kanohar Electricals IPO listing date, Kanohar Electricals IPO subscription status, Kanohar Electricals IPO allotment probability, Kanohar Electricals Systems IPO status check, Kanohar Electricals IPO share allotment, Kanohar Electricals IPO registrar MUFG, Kanohar Electricals IPO NSE allotment status, Kanohar Electricals IPO BSE allotment status — [Source](https://www.businesstoday.in/markets/stocks/story/kanohar-electricals-listing-stock-makes-debut-at-premium-to-ipo-price-555793-2026-09-16)
- 2026-09-16 — Mint: **Kanohar Electricals IPO listing today: GMP at  ₹192; Share price prediction ahead of NSE, BSE debut** — Kanohar Electricals IPO will list today at 10:00 IST on BSE and NSE. The IPO was heavily subscribed, with a 90.59 times overall subscription and a grey market premium of +192, indicating a successful listing expected at  ₹824 per share. — [Source](https://www.livemint.com/market/ipo/kanohar-electricals-ipo-listing-today-gmp-at-rs-192-share-price-prediction-ahead-of-nse-bse-debut-11789519138575.html)
- 2026-09-11 — BUSINESSTODAY: **Kanohar Electricals IPO: Ways to allotment status on BSE, NSE & MUFG; odds of getting shares & GMP** — Kanohar Electricals IPO, Kanohar Electricals IPO allotment status, Kanohar Electricals IPO application status, Kanohar Electricals IPO allotment, Kanohar Electricals IPO GMP, Kanohar Electricals IPO GMP today, Kanohar Electricals IPO allotment odds, Kanohar Electricals IPO listing date, Kanohar Electricals IPO subscription status, Kanohar Electricals IPO allotment probability, Kanohar Electricals Systems IPO status check, Kanohar Electricals IPO share allotment, Kanohar Electricals IPO registrar MUFG, Kanohar Electricals IPO NSE allotment status, Kanohar Electricals IPO BSE allotment status — [Source](https://www.businesstoday.in/markets/ipo-corner/story/kanohar-electricals-ipo-ways-to-allotment-status-on-bse-nse-mufg-odds-of-getting-shares-gmp-554829-2026-09-11)
- 2026-09-11 — MONEYCONTROL: **Kanohar Electricals IPO allotment today: GMP at 38% — check status on BSE, NSE and registrar** — Kanohar Electricals IPO, Kanohar Electricals IPO subscription, Kanohar Electricals IPO GMP, Kanohar Electricals GMP today, Kanohar Electricals IPO price, Kanohar Electricals IPO price band, Kanohar Electricals IPO allotment, Kanohar Electricals IPO listing date, Kanohar Electricals IPO details, Kanohar Electricals IPO Day 1 subscription, Kanohar Electricals IPO grey market premium, Kanohar Electricals IPO investors, Kanohar Electricals shares, Kanohar Electricals IPO latest news, Kanohar Electricals IPO NSE, Kanohar Electricals IPO BSE — [Source](https://www.moneycontrol.com/news/business/ipo/kanohar-electricals-ipo-allotment-status-latest-gmp-check-on-bse-nse-registrar-14027649.html)
- 2026-09-11 — Economic Times: **Kanohar Electricals IPO allotment likely today: GMP signals 35% listing gains. Here’s how to check status** — The Rs 1,055.74-crore Kanohar Electricals IPO is expected to finalise its share allotment today. Once the allotment is announced, investors will be able to check online whether they have been allotted shares. The companys stock is tentatively scheduled to list on both the BSE and NSE on September 16, 2026. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/kanohar-electricals-ipo-allotment-likely-today-gmp-signals-35-listing-gains-heres-how-to-check-status/articleshow/134040818.cms)
- 2026-09-11 — CNBC-TV18: **Rentomojo IPO Day 3: Issue subscribed 4.70 times so far; GMP signals 33% premium** — In the grey market, Rentomojo shares are commanding a premium of ₹135 per share, implying a premium of more than 33% over the upper end of the issue price. However, grey market premiums (GMPs) are speculative and the actual listing price may differ from the levels indicated by the GMP. — [Source](https://www.cnbctv18.com/market/rentomojo-ipo-day-3-subscription-details-gmp-signals-allotment-listing-date-19988944.htm)
- 2026-09-10 — Mint: **Kanohar Electricals IPO GMP jumps 36% on last bidding day. Check latest subscription, review. Apply or not?** — Kanohar Electricals IPO opened for subscription from September 8 to September 10, with a price band of  ₹601–632. The IPO's grey market premium stands at +225, indicating an optimistic listing price of  ₹857, a 35.60% increase from the upper price band. — [Source](https://www.livemint.com/market/ipo/kanohar-electricals-ipo-gmp-jumps-36-on-last-bidding-day-check-latest-subscription-review-apply-or-not-11789017602037.html)
- 2026-09-10 — Economic Times: **Kanohar Electricals IPO Day 3: GMP signals 35% premium, subscription crosses 10x. Should you subscribe?** — Kanohar Electricals IPO entered its final bidding day after being subscribed 10.22 times by Day 2. A 35% grey market premium and positive brokerage recommendations have boosted investor interest. — [Source](https://economictimes.indiatimes.com/markets/ipos/fpos/kanohar-electricals-ipo-day-3-gmp-signals-35-premium-subscription-crosses-10x-should-you-subscribe/articleshow/133993542.cms)
- 2026-09-08 — MONEYCONTROL: **Kanohar Electricals IPO: Issue booked 25% so far on opening day; GMP at 31%** — Kanohar Electricals IPO, Kanohar Electricals IPO subscription, Kanohar Electricals IPO GMP, Kanohar Electricals GMP today, Kanohar Electricals IPO price, Kanohar Electricals IPO price band, Kanohar Electricals IPO allotment, Kanohar Electricals IPO listing date, Kanohar Electricals IPO details, Kanohar Electricals IPO Day 1 subscription, Kanohar Electricals IPO grey market premium, Kanohar Electricals IPO investors, Kanohar Electricals shares, Kanohar Electricals IPO latest news, Kanohar Electricals IPO NSE, Kanohar Electricals IPO BSE — [Source](https://www.moneycontrol.com/news/business/ipo/kanohar-electricals-ipo-gmp-issue-booked-25-so-far-on-opening-day-gmp-at-31-14024949.html)
- 2026-09-07 — Mint: **Inside Rashesh Shah’s plan to incubate and scale Edelweiss businesses | Company Business News** — As proof of the group’s track record in incubating and then offloading investments, Shah cited the case of Nuvama Wealth Management, a company that got listed in 2023, where Edelweiss shareholders received 30% of the shares. — [Source](https://www.livemint.com/companies/news/edelweiss-group-chairman-rashesh-shah-new-business-listing-plans-11788678191214.html)
- 2026-09-04 — Mint: **SEBI circular on CAS impact: Groww, Angel One, BSE shares jump up to 8% - What regulator said and investors should know** — SEBI's recent circular on the Closing Auction Session (CAS) triggered notable stock price increases among brokerages and the BSE. The regulator considers proposed changes based on stakeholder feedback. — [Source](https://www.livemint.com/market/stock-market-news/sebi-circular-on-cas-impact-groww-angel-one-bse-shares-jump-up-to-8-what-regulator-said-and-investors-should-know-11788508903861.html)
- 2026-09-04 — BUSINESSTODAY: **Manipal Payment IPO opens on September 09; check price band, issue size, financials & key details** — Manipal Payment and Identity Solutions IPO, Manipal Payment IPO, Manipal Payment IPO, Manipal Payment IPO 2026, Manipal Payment IPO date, Manipal Payment IPO details, Manipal Payment IPO issue size, Manipal Payment IPO opening date, Manipal Payment IPO closing date, Manipal Payment IPO allotment date, Manipal Payment IPO listing date, Manipal Payment IPO offer for sale, Manipal Payment IPO fresh issue, Manipal Payment IPO shareholders, Manipal Payment IPO financials, Manipal Payment IPO GMP, Manipal Payment IPO subscription, Manipal Payment IPO investors, Manipal Payment public issue, Manipal Payment IPO analysis — [Source](https://www.businesstoday.in/markets/ipo-corner/story/manipal-payment-ipo-opens-on-september-09-check-price-band-issue-size-financials-key-details-553329-2026-09-04)
- 2026-09-03 — BUSINESSTODAY: **Kanohar Electricals IPO to open on September 8; check price band, other key details** — Kanohar Electricals IPO, Kanohar Electricals IPO 2026, Kanohar Electricals IPO price band, Kanohar Electricals shares, Kanohar Electricals IPO date, Kanohar Electricals IPO subscription, Kanohar Electricals IPO allotment, Kanohar Electricals IPO listing, transformer manufacturing, transformer stocks, power transmission, renewable energy, EPC business, NSE, BSE, Nuvama Wealth Management, IIFL Capital Services — [Source](https://www.businesstoday.in/markets/ipo-corner/story/kanohar-electricals-ipo-to-open-on-september-8-check-price-band-other-key-details-553117-2026-09-03)

## Business profile

**Strategic vision:** Provides wealth management, asset management, and capital markets services.

### Business segments
- **Wealth Management:** Core services focused on managing client assets and financial planning.
- **Asset Management:** Services related to managing investment portfolios and funds.
- **Asset Services:** Ancillary services supporting asset management and wealth preservation.
- **Capital Markets:** Involvement in capital markets operations and related services.

### Competitive strengths
- Operates in multiple international markets.
- Offers a diversified range of financial services.

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## Freshness and sources

- Data as of: 2026-11-06
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/nuvama
Markdown representation: https://faxioms.com/stocks/nuvama?render=md