Nuvama Wealth Management has allotted 33,998 equity shares under ESOS on 29 August 2024. Upon allotment, the equity share capital of the Company stands increased from 3,55,58,134 equity shares to 3,55,92,132 equity shares of the face value of Rs. 10/- each. Powered by Capital Market - Live

Nuvama Wealth Management has allotted 54,490 equity shares under ESOS on 22 August 2024. Upon allotment, the equity share capital of the Company stands increased from 3,55,03,644 equity shares to 3,55,58,134 equity shares of the face value of Rs. 10/- each.Powered by Capital Market - Live

Nuvama Wealth Management has allotted 90,090 equity shares under ESOS on 08 August 2024. Upon allotment, the equity share capital of the Company stands increased from 3,54,00,869 equity shares to 3,54,90,959 equity shares of the face value of Rs. 10/- each.Powered by Capital Market - Live

The headline equity indices extended gains and hit fresh highs in mid-morning trade. The Nifty traded above the 24,950 mark. Realty shares extended gains for the second consecutive trading session. At 11:28 IST, the barometer index, the S&P BSE Sensex, was up 424.22 points or 0.52% to 81,756.94. The Nifty 50 index advanced 117.50 points or 0.47% to 24,952.35. The Sensex and Nifty clocked an all-time high of 81,800.17 and 24,980.45, respectively in mid- morning trade. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.84% and the S&P BSE Small-Cap index gained 1.29%. The S&P BSE Small-Cap index hit an all-time high at 55,066.48. The market breadth was strong. On the BSE, 2,600 shares rose and 1,257 shares fell. A total of 156 shares were unchanged. Economy: India's forex reserves jumped by $4.00 billion to hit an all-time high of $670.86 billion as of July 19, data shared by the Reserve Bank of India (RBI) showed on Friday. According to the Weekly Statistical Supplement released by the RBI, Foreign currency assets (FCAs) increased by $2.57 billion to $588.05 billion. Gold reserves expanded by $1.32 billion to $59.99 billion, whereas SDRs were up by $95 million to $18.20 billion. Reserve position in the IMF was remained unchanged at $4.60 billion. Buzzing Index: The Nifty Realty index added 1.78% to 1,096.80. The index gained 2.95% in two consecutive trading sessions. DLF (up 4.64%), Sunteck Realty (up 2.06%), Prestige Estates Projects (up 1.79%), Phoenix Mills (up 1.72%), Mahindra Lifespace Developers (up 1.39%), Godrej Properties (up 1.38%), Oberoi Realty (up 1.23%), Brigade Enterprises (up 1.03%) and Sobha (up 0.67%) advanced. Stocks in Spotlight: Nuvama Wealth Management rallied 4.98% after the company reported 79.52% increase in net profit to Rs 220.77 crore in Q1 FY25 as compared with Rs 122.98 crore in Q1 FY24. Revenue from operations jumped 46.58% YoY to Rs 949.43 core in Q1 FY25. InterGlobe Aviation's (IndiGo) declined 1.86% after the company's consolidated net profit declined 11.71% to Rs 2,728.8 crore in Q1 FY25 from Rs 3,090.6 crore posted in Q1 FY24. However, revenue from operations jumped 17.31% year on year (YoY) to Rs 19,570.7 crore in the quarter ended 30 June 2024. Global Markets: Most Asian stocks advanced on Monday, buoyed by hopes of potential interest rate cuts from the Federal Reserve. The battered technology sector led the gains as investors eagerly awaited the upcoming Fed meeting for clues on monetary policy. However, Chinese markets underperformed regional peers. Sentiment towards China remained subdued ahead of crucial economic data releases this week. Additionally, lingering uncertainty about the next U.S. administration's stance on Beijing weighed on investor confidence. The positive momentum in Asia was fueled by a strong finish on Wall Street on Friday. Easing inflation concerns boosted expectations for eventual interest rate reductions. The Dow Jones Industrial Average surged 1.64%, the S&P 500 climbed 1.11%, and the Nasdaq Composite gained 1.03%. This upward movement was attributed to a combination of oversold conditions, a better-than-expected GDP report, and growing optimism about the Fed's potential rate cuts. Investors also digested the latest inflation data. The June Personal Consumption Expenditures (PCE) price index, the Fed's preferred inflation gauge, rose 0.1% month-over-month and 2.5% year-over-year. While the Fed is expected to maintain interest rates unchanged at its meeting on Wednesday, investors will closely monitor any hints about the timing of potential rate cuts, especially given recent encouraging comments from Fed officials. Powered by Capital Market - Live

Revenue from operations jumped 46.58% YoY to Rs 949.43 core in Q1 FY25. Profit before tax (PBT) increased 94.5% to Rs 296.82 crore in Q1 FY25 as compared with Rs 152.61 crore in Q1 FY24. Revenue from wealth management business stood at Rs 516.03 crore in Q1 FY25, up 27.3% as compared with Rs 405.38 crore in Q1 FY24. Client assets was jumped 35% YoY to Rs 2,74,124 crore as at end of Q1 FY25. Revenue from assets management business jumped 23% to Rs YoY to Rs 15 crore, AUM stood at Rs 7,692 crore in Q1 FY25, grew by 30% YoY, led by public markets. Ashish Kehair, MD we added 60+ RMs, launched an industry leading technology tool for portfolio-solutions and garnered healthy new flows for annuity products. We also received final approval from DIFC authorities in July'24 for our offshore private wealth proposition in Dubai. In Asset Management our AUM grew by 30% YoY and our fresh sales were ~ Rs 600 crore in Q1. This run rate is expected to grow as we have launched multiple new schemes in the last 3-6 months across all our three strategies. Meanwhile, the company's board has declared a dividend of Rs 10 per share for financial year 2024-2025. The record date is fixed as on Wednesday, 7 August 2024. The said interim dividend will be paid/dispatched on or before August 24, 2024. Nuvama Wealth and Investment (formerly Edelweiss Broking) is a leading technology-driven securities company in India, offering a wide range of financial services. With a strong presence in the stockbroking industry, Nuvama provides broking services across equity, derivatives, and debt segments through digital platforms. The scrip hit all-time high at Rs 6,136.00 in intraday today.Powered by Capital Market - Live

Revenue from operations jumped 46.58% YoY to Rs 949.43 core in Q1 FY25. Profit before tax (PBT) increased 94.5% to Rs 296.82 crore in Q1 FY25 as compared with Rs 152.61 crore in Q1 FY24. Revenue from wealth management business stood at Rs 516.03 crore in Q1 FY25, up 27.3% as compared with Rs 405.38 crore in Q1 FY24. Client assets was jumped 35% YoY to Rs 2,74,124 crore as at end of Q1 FY25. Revenue from assets management business jumped 23% to Rs YoY to Rs 15 crore, AUM stood at Rs 7,692 crore in Q1 FY25, grew by 30% YoY, led by public markets. Ashish Kehair, MD we added 60+ RMs, launched an industry leading technology tool for portfolio-solutions and garnered healthy new flows for annuity products. We also received final approval from DIFC authorities in July'24 for our offshore private wealth proposition in Dubai. In Asset Management our AUM grew by 30% YoY and our fresh sales were ~ Rs 600 crore in Q1. This run rate is expected to grow as we have launched multiple new schemes in the last 3-6 months across all our three strategies. Meanwhile, the company's board has declared a dividend of Rs 10 per share for financial year 2024-2025. The record date is fixed as on Wednesday, 7 August 2024. The said interim dividend will be paid/dispatched on or before August 24, 2024. Nuvama Wealth and Investment (formerly Edelweiss Broking) is a leading technology-driven securities company in India, offering a wide range of financial services. With a strong presence in the stockbroking industry, Nuvama provides broking services across equity, derivatives, and debt segments through digital platforms. The scrip rallied 2.86% to ends at Rs 5706.35 on Friday, 26 July 2024.Powered by Capital Market - Live

Nuvama Wealth Management has fixed 07 August 2024 as record date for payment of interim dividend of Rs 81.50 per share for FY 2025. The dividend will be dispatched on or before 24 August 2024. Powered by Capital Market - Live

Nuvama Wealth Management announced that the Board of Directors of the Company at its meeting held on 26 July 2024, inter alia, have recommended the interim dividend of Rs 81.5 per equity Share (i.e. 815%) , subject to the approval of the shareholders.Powered by Capital Market - Live

Net profit of Nuvama Wealth Management rose 79.59% to Rs 221.02 crore in the quarter ended June 2024 as against Rs 123.07 crore during the previous quarter ended June 2023. Sales rose 46.58% to Rs 949.43 crore in the quarter ended June 2024 as against Rs 647.71 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales949.43647.71 47 OPM %51.9144.82 - PBDT316.99174.89 81 PBT296.82152.61 94 NP221.02123.07 80 Powered by Capital Market - Live

Nuvama Wealth Management will hold a meeting of the Board of Directors of the Company on 26 July 2024.Powered by Capital Market - Live