NUVAMA

gets target of Rs 10175 from Citi; stock split on Dec 26

Upcoming Stock Split, Nuvama Wealth Management: Brokerage firm Citi has maintained a Buy rating on Nuvama Wealth Management and sees an upside of more than Rs 3000. The brokerage believes that the recovery in asset servicing is on track, with client attrition expected to be fully recovered by Q4 of the current fiscal (FY26). Citi has set a target price of Rs 10,175 on Nuvama Wealth shares, implying an upside of Rs 3,002 or 42 per cent from Wednesday's (December 17) closing price of Rs 7,173.20 on BSE. Citi said that strong client additions should drive revenue growth in the mid-to-high teens from Q1 of FY2027.