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Mint

Stocks to buy or sell: Sagar Doshi of Nuvama recommends buying Vedanta, Sirca Paints, Adani Enterprises tomorrow

Stocks to buy or sell: Sagar Doshi of Nuvama Professional Clients Group recommends buying these three stocks tomorrow - Vedanta Ltd, Sirca Paints India Ltd, and Adani Enterprises Ltd.

The Economic Times

Rs 1,481-crore block deal in Nuvama Wealth

​​Europacific Growth Fund, Greater India Portfolio, Capri Global Holdings and Morgan Stanley Asia Singapore Pte were among the buyers in the deal. Shares of Nuvama Wealth Management rose 0.99% to close at Rs 6,837.15 on Friday.

CNBC TV18

Morgan Stanley, Goldman Sachs, Smallcap World Fund among buyers of Nuvama Wealth shares

Of the total shares offloaded, Global Capital Group-owned SmallCap World Fund acquired a 3.3% stake for ₹788 crore, according to bulk deal data available on the BSE.

Business Standard

Edelweiss Fin Services sells 6.2% stake in Nuvama Wealth for Rs 1,481 cr

Edelweiss Financial Services on Friday sold a 6.2 per cent stake in financial services company Nuvama Wealth Management for Rs 1,481 crore through open market transactions. Edelweiss Financial Services, through its two subsidiaries, ECap Equities and Edel Finance Company, sold shares of Nuvama Wealth through separate block deals on the BSE. ECap Equities offloaded 17.09 lakh shares of Nuvama Wealth Management while Edel Finance Company sold 5 lakh shares, amounting to a total of 6.24 per cent stake in the company. The shares were offloaded at an average price of Rs 6,702.6 apiece, taking the aggregate deal value to Rs 1,481.21 crore. At the end of the June quarter, Edel Finance Company held a 5.18 per cent stake in Nuvama Wealth Management, and Ecap Equities owned an 8.44 per cent holding in Mumbai-based Nuvama Wealth Management, BSE data showed. Societe Generale, Capri Global Holdings, Goldman Sachs, Ghisallo Master Fund LP, Morgan Stanley, New York State Teachers Retirement Syst

The Economic Times

Morgan Stanley, Goldman Sachs, this smallcap fund buy Nuvama shares worth Rs 1,235 crore via block deals

Morgan Stanley bought 3.42 lakh shares for a total of Rs 229 crore, while Goldman Sachs acquired 3.24 lakh shares at a cost of Rs 218 crore. Additionally, Smallcap World Fund Inc purchased 11.75 lakh shares valued at Rs 788 crore.

Business Standard

Nuvama Wealth gains 4% after 2.2 mn shares change hands via block deals

As per reports, Edel Finance Company and Ecap Equities were looking to sell a combined 6.4 per cent stake

The Economic Times

Nuvama Wealth shares rise 4% as Edel Finance, Ecap Equities likely offload 6% stake via block deal

Nuvama Wealth Share Price: Shares of Nuvama Wealth increased by 182% in the last one year while in the current year so far, the stock has gained 90%. According to the BSE analytics, the shares have gained 45% and 39.5% in the last 6 and 3 months respectively.

The Economic Times

Trent, BEL among 10 stocks to to receive significant inflows

Nifty 50's September rejig on September 30 will add Trent and BEL, increasing passive fund inflow into top stocks, as reported by Nuvama.

CNBC TV18

Rashesh Shah confirms selling stake in Nuvama Wealth, explains the rationale

Nuvama Wealth Management Share Price | On Thursday, September 26, CNBC-TV18 reported, citing sources, that Edel Finance Company and Ecap Equities were to sell a combined 6.4% equity stake in Nuvama Wealth Management through block deals.

CNBC TV18

Exclusive | Edel Finance and Ecap Equities plan to sell 6.4% in Nuvama Wealth Management for ₹1,464.8 crore

The floor price for the transaction is set at ₹6,445 per share, the sources told CNBC-TV18. The floor price represents a 5% discount to the last closing price of the wealth manager of ₹6,825.00 on the National Stock Exchange (NSE).

Mint

Vodafone Idea share price rebounds from 52-week low. Nuvama predicts 40% upside

Vodafone Idea share price ended at ₹10.52 apiece on the NSE after hitting a new 52-week low of ₹9.79 on Friday

The Economic Times

Mphasis, Apollo Tyres among 8 midcap stocks bought by mutual funds in August

According to Mutual Fund Insights by Nuvama Alternative & Quantitative Research, these are the midcap stocks that mutual funds added to their portfolios in August.

Mint

Stock Check: Kajaria Ceramics is on a sweet spot amid real-estate revival, says Nuvama; sets record high target price

Stock Check: Nuvama Institutional Equities retains a 'buy' rating on Kajaria Ceramics, raising the target price to ₹1,754. The brokerage anticipates 10–12% volume growth in FY25E, driven by real estate recovery, with projected revenues of ₹6.75 billion from bathware by FY27.

The Economic Times

What will be the impact of import duty rejig in edible oil on 3 FMCG categories? Abneesh Roy explains

Abneesh Roy, Executive Director at Nuvama Institutional, highlights the attractiveness of the food sector. He particularly favours Bikaji for its pure-play focus. He also mentions HUL and ITC among larger companies. With an edible oil duty hike, price increases are expected in H2, benefiting overall pricing growth despite some margin impacts.

The Economic Times

18 small cap stocks added by these mutual funds in August. Here’s a breakup

AMFI defines small-cap companies as those ranked 251st or lower in market capitalization. The MFs Insight report by Nuvama highlights new small-cap stocks added by MFs in August.

Mint

Zen Tech: After a 2600% surge in 5 years, Nuvama projects 70% more upside for this small cap defense stock

Zen Technologies holds a dominant position in India's defense sector, featuring high gross margins and a solid order book. Analysts predict significant growth driven by government initiatives and its advanced technologies.

Business Standard

Mutual funds betting big on recently listed and new-age companies

PB Fintech and Delhivery were also among the top 15 most bought stocks, as per an analysis by Nuvama Alternative & Quantitative Research

Mint

US Fed rate cut: Nuvama cautions investors – past cuts did not lead to immediate equity boosts

Nuvama warns of market caution as the US Fed considers rate cuts, highlighting historical complexities where past cuts did not lead to immediate equity boosts. The firm advises reducing exposure to expensive cyclicals and focusing on resilient sectors like defensives and private banks.

Mint

Auto Sector: Festive demand to drive two-wheeler, PV sales growth, says Nuvama; M&M, TVS Motor among top picks

Nuvama Institutional Equities reported strong festive demand expectations for two-wheelers and commercial vehicles, favoring mass-market OEMs like Escorts Kubota and Mahindra & Mahindra. Anticipated growth in 2W demand is over 15%, while PV growth remains modest, supported by rural demand.

CNBC TV18

ONGC shares fall as crude corrects, Nuvama says 'disappointment' in store

Nuvama wrote in a note that ONGC's earnings are poised for a significant decline, as crude prices have fallen below the $75 per barrel threshold, with the $67.5 per barrel level for gas also within reach.

Mint

Top Stock Recommendations: Aakash Hindocha of Nuvama suggests Jubilant FoodWorks, Aegis Logistics, and Tata Power today

Top Stock Recommendations: Aakash K Hindocha of Nuvama Professional Clients Group recommends these three stocks for today - Jubilant FoodWorks Ltd, Aegis Logistics Ltd, and Tata Power Company Ltd.

The Economic Times

IT stocks jump up to 5%, led by midcap Coforge. Can the sector shed its 2-year underperformance?

IT stocks surged on Tuesday, with Coforge hitting a 52-week high. Analysts from Motilal Oswal and Nuvama foresee recovery in the sector, citing potential rate cuts and evolving work distribution.

The Economic Times

Cement companies may have to roll back September price hike: Nuvama

Indian cement companies may need to roll back their September price hikes due to weak demand, according to a Nuvama Institutional Equities report. Demand is expected to improve from Q3FY25, driven by post-monsoon construction activities. However, current market conditions raise concerns about the sector's short-term pricing power and ability to maintain price increases.

Business Line

Nuvama Research maintains ‘Buy’ rating on Polycab, increases target price to ₹8,340

Nuvama expects Polycab’s revenue, EBITDA, and PAT to grow at a CAGR of 17%, 19%, and 17%, respectively, over FY24-27.

CNBC TV18

PN Gadgil Jewellers fixes price band for IPO — More Details Here

Motilal Oswal Investment Advisors, Nuvama Wealth Management and BOB Capital Markets are the Book Running Lead Managers for the IPO.

Mint

Coal India share price slumps 3% after Nuvama slashes target price; recommends 'sell on rise' strategy for the PSU stock

Coal India share price declined by more than 3% following Nuvama's reduced target price to ₹542. The brokerage highlighted a 12% YoY sales volume drop and risks from fluctuating coal prices and potential government stake sales.

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama recommends REC, Prism Johnson, and L&T Finance today

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends buying these three stocks today - REC Ltd, Prism Johnson Ltd, and L&T Finance Ltd.

The Economic Times

3 Adani Group stocks eligible for inclusion after Sebi's F&O entry, exit norms' revision

Adani Green Energy, Adani Energy Solutions, and Adani Total Gas are eligible for entry into the derivatives segment. Nuvama estimates these stocks may enter the F&O market, with SEBI's final decision pending.

Mint

Nifty Auto skids 2% in August, snaps 9-month winning streak; 13 stocks end lower

Shares of Tata Motors, Maruti Suzuki, and Mahindra & Mahindra (M&M) all ended the month in the red with losses ranging from 3% to 5%. According to Nuvama Institutional Equities, PV industry volumes are likely to be marginally negative in August.

CNBC TV18

Explained — Why shares of Oil India are surging on Friday

Brokerage firm Nuvama Alternative and Quantitative Research is anticipating inflows worth $258 million in the stock when the adjustments take place towards the close of trading on Friday.

CNBC TV18

₹3,786! RIL gets its highest price target from Nuvama

Out of the 36 analysts that have coverage on Reliance Industries, 25 of them have a 'Buy' recommendation, eight of them say 'Hold', while three have a 'Sell' rating on the stock.

The Economic Times

Two-wheeler industry to grow by 8 pc, tractors by 4pc annually: Report

The two-wheeler industry is expected to grow by 8% year-on-year, driven by strong rural and urban demand. The tractor industry should see about 4% growth, while the passenger vehicle segment and commercial vehicles may decline due to high base effects, according to a report by a wealth and investment firm Nuvama. India's auto exports show positive growth, especially in two-wheelers and passenger vehicles.

CNBC TV18

RVNL shares rise after emerging as the lowest bidder for ₹111 crore order

As per Nuvama Alternative and Quantitative Research, RVNL is likely to see inflows worth $219 million, when the MSCI adjustments take place during the closing minutes of trade on August 30.

Mint

Mphasis shares rise 4% to hit 2-year high after Nuvama upgrades rating to 'buy'

Mphasis shares rose after a Nuvama upgrade, driven by anticipated tech spending increases from US interest rate cuts. The company's major BFS client announced record tech spending for 2024, enhancing growth prospects. Mphasis is also advancing in Gen-AI solutions.

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama recommends Aether, Piramal Enterprises, and HAL Aug Futures today

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends these three stocks for today - Aether Industries Ltd, Piramal Enterprises Ltd, and Hindustan Aeronautics Ltd (HAL) August Futures.

Mint

Stock to buy today: Nuvama sees 40% upside in JTL Industries share price in 12-month. Buy or sell?

Stock to buy today: Nuvama believes that JTL Industries share price may touch ₹303 apiece in 12-month

Mint

Top Stock Recommendations: Sagar Doshi of Nuvama suggests BPCL, Godrej Properties, and Canara Bank for July 18

Top Stock Recommendations: Sagar Doshi of Nuvama Professional Clients Group recommends these three stocks for tomorrow - Bharat Petroleum Corporation Ltd (BPCL), Godrej Properties Ltd, and Canara Bank.

Business Standard

Analysts positive on new age cos ahead of Q1 FY25 results; Zomato top bet

Analysts at Nuvama Institutional Equities are optimistic about the revenue prospects of these "new age" internet companies

Business Standard

Nuvama bets on pipe, cautious on wood panel stocks ahead of Q1 FY25 results

Tile manufacturers are projected to achieve 5-6 per cent year-on-year (Y-o-Y) volume growth with stable margins, analysts said

Business Standard

HDFC Bank may see inflows of up to $4 bn as MSCI weightage to rise

Move could lead to doubling of weight in MSCI index; over $3 bn of passive buying, says Nuvama report