Nuvama Wealth shares rise 6.6% on stronger Q2 profit
In short
Nuvama Wealth shares climbed as much as 6.6% after Q2 FY27 results. Net profit rose 19.5% to ₹303.5 crore, and revenue rose 20.35% to ₹1,366 crore.
Motilal Oswal kept a Buy rating and set a ₹2,160 target price.
What the reporting says
Nuvama Wealth shares rose as much as 6.6% after the company reported a 19.5% year-on-year increase in Q2 FY27 net profit to ₹303.5 crore. Revenue rose 20.35% to ₹1,366 crore, and Motilal Oswal reiterated its Buy rating with a ₹2,160 target price. The stock reaction followed the results and the brokerage call.
Why it matters
Nuvama Wealth shares gained as much as 6.6% after Q2 FY27 results showed net profit up 19.5% to ₹303.5 crore and revenue up 20.35% to ₹1,366 crore. Motilal Oswal reiterated a Buy rating and set a ₹2,160 target price. The update tied the stock move to stronger quarterly performance and the brokerage’s positive stance.