Nuvama Wealth Management gains on incorporating wholly owned subsidiary
Nuvama Wealth Management is currently trading at Rs. 7118.80, up by 39.70 points or 0.56% from its previous closing of Rs. 7076.80 on the BSE.
The scrip opened at Rs. 7149.90 and has touched a high and low of Rs. 7149.90 and Rs. 7050.00 respectively. So far 443 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 8510.00 on 30-Jun-2025 and a 52 week low of Rs. 4567.80 on 07-Apr-2025.
Last one week high and low of the scrip stood at Rs. 7304.75 and Rs. 6975.50 respectively. The current market cap of the company is Rs. 25729.21 crore.
The promoters holding in the company stood at 54.65%, while Institutions and Non-Institutions held 23.89% and 21.46% respectively.
Nuvama Wealth Management has incorporated a wholly owned subsidiary (WOS) in the name and style of Nuvama Trusteeship Company. Nuvama Trusteeship Company will be engaged inter-alia in corporate trusteeship services and other activities.
Nuvama Wealth Management (formerly known as Edelweiss Securities) is the flagship company of the Nuvama group. The company carries on the business of broking and trading in equity securities (including derivatives and currencies) listed on stock exchanges in India and in futures contracts, for institutional and non-institutional (including retail) clients.
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