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Nuvama Wealth Can Rally 33% Says Motilal Oswal, Reiterates 'Buy' Rating On The Stock — Here's Why
Motilal Oswal expects the cost-to-income ratio to improve from 62% in FY24 to 57% in FY27.
13 Feb 2025, 10:52 AM IST 
With RoEs of 30%+, Nuvama Wealth stock is attractively trading at FY27 P/E of 17x.
(Photo source: Pixabay)
The Nuvama Private segment has posted a robust CAGR of 26% (9M FY23-9M FY25) over the last two years, reaching Rs 2.1 trillion. This is attributed to new client additions, strong market performance, and increased wallet share from existing clients.
