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Nuvama initiates Buy call on Vedanta Aluminium shares, expects profitability to exceed historical average. Here's why
Nuvama Institutional Equities and Motilal Oswal Financial Services have initiated coverage on Vedanta Aluminium with 'Buy' ratings and target prices of Rs 540, citing strong earnings growth, cost reduction initiatives, firm aluminium prices and robust cash flow generation as key drivers.
Anand Rathi Wealth shares hit record high after AUM crosses ₹1 lakh crore mark in Q1
Anand Rathi Wealth said it is planning to set up an asset management company (AMC). Analysts believe that this could be a trigger for growth in the medium term.
Anand Rathi shares in focus after Q1 net profit jumps 24%, AUM crosses Rs 1 lakh crore
Anand Rathi Wealth reported a 24% year-on-year rise in Q1FY27 profit after tax, driven by an 18% increase in revenue as assets under management crossed the Rs 1 lakh crore milestone. Strong net inflows, client additions and steady growth across its wealth management businesses supported the quarterly performance.
Korea's NH to invest Rs 900 cr in Choice International broking arm
Choice International said Korea's NH Investment and Securities will invest ₹900 crore in the company's broking and wealth management arm. The transaction will involve NH investing in Choice Equity Broking through Compulsorily Convertible Preference Shares
Anand Rathi Wealth Q1 Results: Net profit rises 24%; AUM tops ₹1 lakh crore
Anand Rathi Wealth reported strong growth with a consolidated profit of ₹116 crore for Q1 FY27, up 24% year-on-year. Revenue from operations increased 18% to ₹336.4 crore, while assets under management surpassed ₹1 lakh crore, reflecting the firm's robust client acquisition strategy.
Anand Rathi Wealth Q1 profit jumps 74%; EBITDA, margin decline
Company's revenue from operations increased 17.5% to ₹322 crore from ₹274 crore a year ahead. Its assets under management (AUM) crossed the ₹1 lakh crore during the quarter.
Anand Rathi Wealth Q1 Results: Profit rises 24% to Rs 116 crore, revenue grows 18%
Anand Rathi Wealth reported a 24% rise in Q1FY27 profit to Rs 116 crore and 18% revenue growth to Rs 336 crore. Assets under management crossed Rs 1 lakh crore. The company achieved 24% of its annual revenue guidance.
140% rally in 4 months! This smallcap aerospace stock soars 18% in 3 days to fresh lifetime high. Should you buy?
Aequs shares extended gains for a third straight session, surging over 18% during the rally to hit a record high after bullish initiations by IIFL Capital and Nuvama. The brokerages cited the company's strong aerospace manufacturing capabilities, robust order book and long-term growth prospects, with target prices implying up to 73% upside.
Nuvama-Cushman's maiden fund raises ₹4000 cr, readies for second fund
Nuvama and Cushman & Wakefield's joint venture NCW has closed its maiden ₹4,000 crore office-focused real estate fund, 33% above its original target, on strong domestic investor demand.
$11 billion worth of IPO shares set for lock-in expiry over next 3 months. What shareholders should know
Nearly 53 companies are set to see IPO lock-in expiries between July and September 2026, potentially unlocking shares worth about $11 billion, according to Nuvama. While not all eligible shares are expected to be sold, the expiries could weigh on stock prices in the near term.
These are the best stocks in the worst sectors for investors betting on a rotation, says Josh Brown
Ritholtz Wealth Management highlights Merck (MRK), Archer-Daniels-Midland (ADM), and State Street (STT) as strong stocks in underperforming sectors.
This smallcap aerospace stock could soar 91%, predicts Nuvama
Nuvama has initiated coverage on Aequs with a 'Buy' rating and a target price of Rs 444, implying a 91% upside. The brokerage expects strong earnings growth, backed by the company's $889 million order book, vertically integrated aerospace manufacturing capabilities, and long-term contracts with global aerospace OEMs.