Announced Thu, 30 Jul · 19:32 IST
Nuvama Q1 results, Pickright stake buyout, Rs 500Cr NCD plan
NUVAMA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.9%1-day move
₹1799.00
prior close
₹1809.90
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-0.4-0.2+0.1+0.1-1.9-5.9-6.8-7.0-8.4-5.0-3.0———
Up moveDown movePending
AI summary
Nuvama Wealth board approved Q1FY27 results (standalone PAT Rs 254.70 Cr, up 15% YoY; consolidated PAT Rs 305.64 Cr). The board cleared acquiring the remaining 26% in subsidiary Pickright Technologies for Rs 2.08 Cr, making it wholly owned. It also approved investing up to Rs 100 Cr in wholly owned Nuvama Asset Management and raising up to Rs 500 Cr via NCDs. Two independent directors got second 3-year terms.
Likely market impact
Strong Q1 results, Pickright full ownership, and Rs 100 Cr fund infusion into asset management arm. Rs 500 Cr NCD raise awaits member nod.