Nuvama Wealth Management Reports Strong Growth Amid Market Challenges and Pledged Shares Concerns

Nuvama Wealth Management, a prominent player in the Capital Markets industry, has recently undergone an adjustment in its evaluation. This revision reflects the company's strong long-term fundamental strength, highlighted by an average Return on Equity (ROE) of 28.26%. The firm has demonstrated healthy growth, with net sales increasing at an annual rate of 34.40% and operating profit rising by 52.93%.
In terms of performance, Nuvama has reported positive results for the last six consecutive quarters, with a profit after tax (PAT) of Rs 765.15 crore, marking a growth of 52.34%. Additionally, net sales for the first nine months reached Rs 3,205.51 crore, reflecting a growth rate of 27.98%.

Despite the broader market, represented by the BSE500, experiencing negative returns of -0.19% over the past year, Nuvama has managed to achieve a return of 32.06%. However, it is important to note that 62.8% of promoter shares are pledged, which could exert additional pressure in a declining market.

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