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Nuvama Wealth Management rises on incorporating wholly owned subsidiary in Dubai
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Nuvama Wealth Management is currently trading at Rs. 4448.05, up by 39.10 points or 0.89% from its previous closing of Rs. 4408.95 on the BSE.
The scrip opened at Rs. 4501.00 and has touched a high and low of Rs. 4634.95 and Rs. 4364.60 respectively. So far 255 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 5528.30 on 16-Apr-2024 and a 52 week low of Rs. 2111.00 on 05-Oct-2023.
Last one week high and low of the scrip stood at Rs. 5090.60 and Rs. 4120.00 respectively. The current market cap of the company is Rs. 15596.93 crore.
The promoters holding in the company stood at 55.81%, while Institutions and Non-Institutions held 8.17% and 36.02% respectively.
Nuvama Wealth Management has incorporated a wholly owned subsidiary (WOS) with the name of Nuvama Wealth Management (DIFC) in Dubai on June 4, 2024. Nuvama DIFC is incorporated with the intention of developing and running a financial services company with a license to operate out of the DIFC to provide comprehensive wealth management solutions.
Nuvama Wealth Management 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.
