Nuvama Wealth target set at ₹10,175 by Citi
after close1 source ↓written by the desknot a recommendation
- target price
- ₹10,175
- from the current
- 42%
- current price
- ₹7,173.20
- is scheduled
- 26 Dec 2023
Citi has maintained a Buy rating on Nuvama Wealth Management, setting a target price of ₹10,175, indicating an upside of 42% from the current price of ₹7,173.20. The brokerage anticipates a recovery in asset servicing and strong client additions, projecting revenue growth in the mid-to-high teens starting Q1 FY2027. Additionally, a stock split is scheduled for 26 Dec 2023.
Not investment advice. For informational purposes only.