Nuvama Wealth share price jumps over 6% after Jefferies initiates coverage with a ‘Buy’ call, sees 34% upside
Jefferies believes Indian wealth managers are well-placed to ride on India’s economic growth and financialization of savings, especially into capital markets. Leading players will benefit from strong inflows and operating efficiencies to deliver 20-22% profit CAGR over FY24-27E.
DNA News Desk
0
8
Jefferies believes Indian wealth managers are well-placed to ride on India’s economic growth and financialization of savings, especially into capital markets. Leading players will benefit from strong inflows and operating efficiencies to deliver 20-22% profit CAGR over FY24-27E.
