{"id":242000,"date":"2026-09-10T16:42:46","date_gmt":"2026-09-10T11:12:46","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=242000"},"modified":"2026-09-10T16:42:46","modified_gmt":"2026-09-10T11:12:46","slug":"capital-markets-stock-rises-265-percent-since-listing","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/","title":{"rendered":"This Capital Markets Stock Rises 265% Since Listing: Profits Tripled Since the Demerger"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP approximately Rs 1,758 (10 Sep 2026). 3Y screen return 264.92% (since Sep 2023 listing, split-adjusted). FY26 PAT Rs 1,040 Cr. Market cap Rs 32,909 Cr. PE 30.4.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Nuvama Wealth Management is the capital markets stock that has returned approximately 265% on the 3-year screen, which covers its time since the September 2023 listing, adjusted for a 1:5 split. Net profit grew about 3.4 times from FY23 to FY26 while the PE stayed near 30. The past year was slower, so future gains depend on client asset growth and market volumes.<\/p>\n<\/div>\n<p>This capital markets stock has returned 264.92% in the 3-year window that effectively covers its entire listed life, ranking 15th in a screen of 101 large-cap and mid-cap NSE shares as of 10 September 2026. The gain rests on profits that more than tripled in three years rather than on a richer valuation.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/nuvama\/nuvama-wealth-management-ltd-share-price-today'>Nuvama Wealth Management Ltd<\/a> (NSE: NUVAMA)<\/strong>, the wealth, asset services and institutional broking group that was demerged from Edelweiss Financial Services and listed in September 2023. The Nuvama Wealth share price traded near Rs 1,758 on 10 September 2026, down about 1.3% from the previous close of Rs 1,781.30, and roughly 15% below its 52-week high of Rs 2,066.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#How_Much_Has_This_Capital_Markets_Stock_Returned_Since_Listing\" title=\"How Much Has This Capital Markets Stock Returned Since Listing?\">How Much Has This Capital Markets Stock Returned Since Listing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Why_Did_This_Capital_Markets_Stock_Rise_So_Much\" title=\"Why Did This Capital Markets Stock Rise So Much?\">Why Did This Capital Markets Stock Rise So Much?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#1_Profits_More_Than_Tripled_Since_Listing\" title=\"1. Profits More Than Tripled Since Listing\">1. Profits More Than Tripled Since Listing<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#2_Client_Assets_Crossed_Rs_5_Lakh_Crore\" title=\"2. Client Assets Crossed Rs 5 Lakh Crore\">2. Client Assets Crossed Rs 5 Lakh Crore<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#3_Foreign_Investors_Stepped_In\" title=\"3. Foreign Investors Stepped In\">3. Foreign Investors Stepped In<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#4_New_Businesses_Added_Optionality\" title=\"4. New Businesses Added Optionality\">4. New Businesses Added Optionality<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#5_The_2026_Recovery_Leg\" title=\"5. The 2026 Recovery Leg\">5. The 2026 Recovery Leg<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Nuvama_Wealth_Share_Price_Financial_Performance\" title=\"Nuvama Wealth Share Price: Financial Performance\">Nuvama Wealth Share Price: Financial Performance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Who_Owns_This_Capital_Markets_Stock\" title=\"Who Owns This Capital Markets Stock?\">Who Owns This Capital Markets Stock?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Nuvama_Wealth_Share_Price_Valuation_Check\" title=\"Nuvama Wealth Share Price: Valuation Check\">Nuvama Wealth Share Price: Valuation Check<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Key_Risks_for_This_Capital_Markets_Stock\" title=\"Key Risks for This Capital Markets Stock\">Key Risks for This Capital Markets Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Nuvama_Wealth_Share_Analyst_View\" title=\"Nuvama Wealth Share: Analyst View\">Nuvama Wealth Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Nuvama_Wealth_Share_Price_Target\" title=\"Nuvama Wealth Share Price Target\">Nuvama Wealth Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Which_capital_markets_stock_rose_265_since_listing\" title=\"Which capital markets stock rose 265% since listing?\">Which capital markets stock rose 265% since listing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Did_Nuvama_Wealth_split_its_shares\" title=\"Did Nuvama Wealth split its shares?\">Did Nuvama Wealth split its shares?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Why_did_Nuvama_Wealth_share_price_rise_so_much\" title=\"Why did Nuvama Wealth share price rise so much?\">Why did Nuvama Wealth share price rise so much?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#What_were_Nuvama_Wealth_Q1_FY27_results\" title=\"What were Nuvama Wealth Q1 FY27 results?\">What were Nuvama Wealth Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Is_this_capital_markets_stock_overvalued\" title=\"Is this capital markets stock overvalued?\">Is this capital markets stock overvalued?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#What_is_the_Nuvama_Wealth_share_price_target\" title=\"What is the Nuvama Wealth share price target?\">What is the Nuvama Wealth share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Who_is_the_promoter_of_Nuvama_Wealth\" title=\"Who is the promoter of Nuvama Wealth?\">Who is the promoter of Nuvama Wealth?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-stock-rises-265-percent-since-listing\/#Should_I_buy_a_capital_markets_stock_after_a_265_rally\" title=\"Should I buy a capital markets stock after a 265% rally?\">Should I buy a capital markets stock after a 265% rally?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Capital_Markets_Stock_Returned_Since_Listing\"><\/span><strong>How Much Has This Capital Markets Stock Returned Since Listing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This capital markets stock is up approximately 265% on the screen&#8217;s 3-year measure, which in practice is a since-listing number. The shares began trading on 26 September 2023, so there is no full three years of price history before that date.<\/p>\n<p>Here is how the capital markets stock has performed across time frames, with its rank in the screen:<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return (%)<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>1.20%<\/td>\n<td>82<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>47.56%<\/td>\n<td>31<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>38.27%<\/td>\n<td>41<\/td>\n<\/tr>\n<tr>\n<td>3 Years (Since Listing)<\/td>\n<td>264.92%<\/td>\n<td>15<\/td>\n<\/tr>\n<tr>\n<td>5 Years (Since Listing)<\/td>\n<td>217.02%<\/td>\n<td>33<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Both the 3-year and 5-year windows start before the listing date, which is why the two figures sit close together and differ only in the starting reference price used. Measured from the NSE listing price of Rs 2,750, the gain is approximately 220% on an adjusted basis. For a capital markets stock this young, the since-listing view is the fairest comparison.<\/p>\n<p>All figures are adjusted for a 1:5 stock split that took effect with a record date of 26 December 2025, when the face value moved from Rs 10 to Rs 2. The Rs 2,750 listing price equals Rs 550 after adjustment. The rise from Rs 550 to about Rs 1,758 is real price appreciation, not a split artifact.<\/p>\n<p>The recent 1-year gain of 38.27% is solid but ranks only 41st, and the one-month move of 1.2% is flat. The strongest recent leg came in the last six months, when this capital markets stock rose about 47.56% from its 52-week low of Rs 1,096.90.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Capital_Markets_Stock_Rise_So_Much\"><\/span><strong>Why Did This Capital Markets Stock Rise So Much?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This capital markets stock rose because earnings compounded quickly while the valuation stayed broadly steady. Net profit climbed from around Rs 305 crore in FY23 to Rs 1,040 crore in FY26, about 3.4 times, and the share price followed profits.<\/p>\n<p>The rally in this capital markets stock came in phases. The early leg, from late 2023 to mid-2025, was driven by profit growth, foreign buying and a record high in June 2025. The stock then corrected sharply before a second leg in 2026 lifted it to a new peak on the back of record quarterly profit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Profits_More_Than_Tripled_Since_Listing\"><\/span><strong>1. Profits More Than Tripled Since Listing<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>For this capital markets stock, revenue grew from Rs 2,230 crore in FY23 to Rs 3,158 crore in FY24, Rs 4,169 crore in FY25 and Rs 4,631 crore in FY26. Net profit rose from about Rs 305 crore to Rs 625 crore, then Rs 985 crore and Rs 1,040 crore over the same years.<\/p>\n<p>The operating margin widened from around 40% in FY23 to 53.5% in FY25, as scale lifted the profitability of this capital markets stock. The net margin moved from 13.7% to 23.6% over the same period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Client_Assets_Crossed_Rs_5_Lakh_Crore\"><\/span><strong>2. Client Assets Crossed Rs 5 Lakh Crore<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>At listing, the company aimed to grow client assets from about Rs 2.25 lakh crore to Rs 6 lakh crore by FY28. By June 2026, total client assets had reached Rs 5,36,139 crore, up 16% year on year, putting that goal within reach. That asset growth is the engine behind the capital markets stock rerating.<\/p>\n<p>The mass affluent wealth platform held Rs 1,23,695 crore of client assets and the private wealth arm for ultra-rich families held Rs 2,40,197 crore. Assets under clearing and custody rose 25% to Rs 1,58,986 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Foreign_Investors_Stepped_In\"><\/span><strong>3. Foreign Investors Stepped In<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Foreign institutional holding rose from about 7% in December 2023 to 15.5% by December 2024, after the Edelweiss founders sold their stake in block deals during 2024. Foreign holding in the capital markets stock reached 19% by June 2026.<\/p>\n<p>Domestic institutions also built positions, rising from under 1% in December 2023 to 8.49% in June 2026. That steady institutional demand absorbed supply from early shareholders and supported the capital markets stock through volatile phases.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_New_Businesses_Added_Optionality\"><\/span><strong>4. New Businesses Added Optionality<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The market regulator granted in-principle approval on 1 October 2025 for the company to sponsor a mutual fund, and this capital markets stock rose nearly 5% intraday on the news. A commercial real estate fund closed at Rs 4,000 crore, and a private credit fund is planned for the third quarter of FY27.<\/p>\n<p>These businesses are still small, and asset management is expected to post a loss of Rs 35 crore to Rs 40 crore this year before breaking even after FY27.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_The_2026_Recovery_Leg\"><\/span><strong>5. The 2026 Recovery Leg<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The capital markets stock fell from a record Rs 8,121 (Rs 1,624 after split adjustment) in June 2025 to a 52-week low of Rs 1,096.90. It jumped about 22.6% in the week to 8 May 2026 after FY26 results, hit Rs 1,709 on 17 June and later reached its 52-week high of Rs 2,066.<\/p>\n<p>Record Q1 FY27 results on 30 July 2026, with quarterly profit above Rs 300 crore for the first time, supported that move. The capital markets stock has since cooled to about Rs 1,758.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nuvama_Wealth_Share_Price_Financial_Performance\"><\/span><strong>Nuvama Wealth Share Price: Financial Performance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>For this capital markets stock, the latest quarter set a record on both revenue and profit. Here are the last five quarters on a consolidated basis, with total income including interest income:<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Total Income (Rs Cr)<\/th>\n<th>EBITDA (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>Net Margin (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>1,124.61<\/td>\n<td>615.06<\/td>\n<td>263.87<\/td>\n<td>23.51<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>1,137.93<\/td>\n<td>601.20<\/td>\n<td>253.98<\/td>\n<td>22.40<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>1,105.98<\/td>\n<td>609.02<\/td>\n<td>253.62<\/td>\n<td>22.99<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>1,281.13<\/td>\n<td>648.87<\/td>\n<td>268.79<\/td>\n<td>21.21<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>1,381.96<\/td>\n<td>732.41<\/td>\n<td>305.64<\/td>\n<td>22.22<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For the capital markets stock, Q1 FY27 net revenue was Rs 909 crore, up 18% year on year, while net profit of about Rs 306 crore rose 16%. Return on equity stood at around 29.5%, and the cost-to-income ratio was 55%.<\/p>\n<p>By segment, the wealth business earned over Rs 450 crore, up 19%. Asset services grew 34% to Rs 260 crore, while the capital markets segment was flat at about Rs 180 crore. This mix is what makes it a diversified capital markets stock rather than a pure broker.<\/p>\n<p>FY26 was a slower year for this capital markets stock. Consolidated profit rose only 5.6% to Rs 1,040.26 crore, as derivatives volumes cooled and the asset services arm lost a large trading client after a July 2025 regulatory order.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Who_Owns_This_Capital_Markets_Stock\"><\/span><strong>Who Owns This Capital Markets Stock?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Private equity firm PAG is the promoter of this capital markets stock, with a holding of 53.98% at the end of June 2026. Foreign and domestic institutions have raised their combined stake over the past year, while the public share has fallen.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Promoter (%)<\/th>\n<th>FII (%)<\/th>\n<th>DII (%)<\/th>\n<th>Public (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>54.74<\/td>\n<td>17.14<\/td>\n<td>6.35<\/td>\n<td>21.77<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>54.64<\/td>\n<td>16.30<\/td>\n<td>7.59<\/td>\n<td>21.46<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>54.20<\/td>\n<td>16.39<\/td>\n<td>8.37<\/td>\n<td>21.04<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>54.13<\/td>\n<td>16.94<\/td>\n<td>8.30<\/td>\n<td>20.62<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>53.98<\/td>\n<td>19.00<\/td>\n<td>8.49<\/td>\n<td>18.51<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The number of shareholders fell from about 1.31 lakh in September 2025 to about 1.17 lakh in June 2026. Fewer retail holders and more institutions is a common pattern once a capital markets stock matures.<\/p>\n<p>PAG first invested about USD 125 million in March 2021. Reports in June 2026 said it was considering relaunching a sale of its stake, which could trigger an open offer for minority holders if control changes. No deal has been confirmed.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nuvama_Wealth_Share_Price_Valuation_Check\"><\/span><strong>Nuvama Wealth Share Price: Valuation Check<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The capital markets stock trades at a trailing PE of about 30.4, below the industry PE of around 34.7. That is similar to the roughly 32 times FY23 profit implied at listing, when the market cap was around Rs 10,300 crore.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Current Price (10 Sep 2026)<\/td>\n<td>Rs 1,758<\/td>\n<\/tr>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 32,909 Cr<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio (TTM)<\/td>\n<td>30.42<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>34.74<\/td>\n<\/tr>\n<tr>\n<td>Price to Book<\/td>\n<td>8.02<\/td>\n<\/tr>\n<tr>\n<td>ROE<\/td>\n<td>25.26%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>2.80<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.77%<\/td>\n<\/tr>\n<tr>\n<td>52-Week High \/ Low<\/td>\n<td>Rs 2,066 \/ Rs 1,096.90<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>In simple terms, market value grew about 3.2 times since listing while profit grew about 3.4 times. The Nuvama Wealth share price has tracked earnings, not a rerating, which makes the rally easier to explain.<\/p>\n<p>The price-to-book ratio of about 8 is high, and debt to equity of 2.8 reflects borrowing used to fund client margin and lending books. Investors in this capital markets stock are paying for a high return on equity.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_This_Capital_Markets_Stock\"><\/span><strong>Key Risks for This Capital Markets Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This capital markets stock carries real risks despite its strong record. The main ones are:<\/p>\n<p><strong>Market cycle risk:<\/strong> For a capital markets stock, broking, wealth and clearing revenue rises and falls with trading volumes and equity flows. A prolonged market slump would hurt revenue quickly.<\/p>\n<p><strong>Regulatory risk:<\/strong> Tighter derivatives rules and the July 2025 action against a large trading client showed how quickly rule changes can hit revenue. This capital markets stock fell about 7% in a day after that order.<\/p>\n<p><strong>Promoter exit risk:<\/strong> A possible sale by PAG could bring a new owner with a different strategy. A failed or delayed sale could also weigh on the capital markets stock.<\/p>\n<p><strong>Legal overhang:<\/strong> A subsidiary has appeals before the Supreme Court over the liquidation of collateral, flagged by auditors, and the outcome is uncertain.<\/p>\n<p><strong>Execution risk in new businesses:<\/strong> The mutual fund, private credit and offshore units are loss-making or early stage. Returns depend on scaling them without denting margins.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Nuvama Wealth share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Nuvama_Wealth_Share_Analyst_View\"><\/span><strong>Nuvama Wealth Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analysts remain broadly positive on this capital markets stock after Q1 FY27. Independent brokerages point to the wealth franchise, the recovery in asset services and a gradually improving cost trajectory.<\/p>\n<p>Nine analysts tracked by market platforms have one-year price targets between about Rs 1,800 and Rs 2,165. Every one of those estimates sits above the current price of this capital markets stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Nuvama_Wealth_Share_Price_Target\"><\/span><strong>Nuvama Wealth Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The latest verified Nuvama Wealth share price target from a domestic brokerage is Rs 2,100, with a buy rating, set on 4 August 2026 after the Q1 results. That target was raised from Rs 1,860 in June 2026 and implies roughly 19% upside from about Rs 1,758.<\/p>\n<p>The same domestic brokerage raised its FY27 and FY28 earnings estimates by 7% and 11%. It expects revenue and profit to grow at a compound rate of about 23% and 25% from FY26 to FY28, and values the stock at about 23 times FY28 earnings.<\/p>\n<p>The company is itself a broker with its own research desk, so only targets from independent brokerages are cited here. Any Nuvama Wealth share price target is an estimate, not a promise.<\/p>\n<p>For traders in this capital markets stock, the 52-week high of Rs 2,066 is the key resistance to watch. The Rs 1,700 zone, near the June 2026 breakout level, is a nearby support area.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This capital markets stock has returned approximately 265% on the 3-year screen since its September 2023 listing, backed by profit that grew about 3.4 times. Unlike many rallies, the gain has come mostly from earnings, with the PE close to where it began.<\/p>\n<p>The recent picture is more mixed. FY26 growth slowed to 5.6%, a large client was lost and the stock trades about 15% below its peak. Q1 FY27 shows a rebound, but the capital markets stock stays tied to market volumes, regulation and a possible change in ownership. Investors should track quarterly client asset growth, the new businesses and the Nuvama Wealth share price against the Rs 2,066 high.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_capital_markets_stock_rose_265_since_listing\"><\/span><strong>Which capital markets stock rose 265% since listing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nuvama Wealth Management (NSE: NUVAMA) is the capital markets stock that returned 264.92% on the 3-year screen as of 10 September 2026, which effectively covers its time since the September 2023 listing. It ranked 15th among 101 large-cap and mid-cap NSE stocks screened.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Did_Nuvama_Wealth_split_its_shares\"><\/span><strong>Did Nuvama Wealth split its shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, Nuvama Wealth split each Rs 10 share into five Rs 2 shares, with a record date of 26 December 2025. All returns in this article are split-adjusted, so the rally reflects real price appreciation.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_Nuvama_Wealth_share_price_rise_so_much\"><\/span><strong>Why did Nuvama Wealth share price rise so much?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Profit rose from about Rs 305 crore in FY23 to Rs 1,040 crore in FY26 as client assets crossed Rs 5 lakh crore. Rising foreign and domestic institutional holdings and record Q1 FY27 profit also supported the rally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Nuvama_Wealth_Q1_FY27_results\"><\/span><strong>What were Nuvama Wealth Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net revenue rose 18% year on year to Rs 909 crore and net profit rose 16% to about Rs 306 crore, the first quarter above Rs 300 crore. Return on equity was around 29.5%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_capital_markets_stock_overvalued\"><\/span><strong>Is this capital markets stock overvalued?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The stock trades at a PE of about 30.4 against an industry PE of around 34.7, but the price-to-book ratio is high at about 8. The valuation looks reasonable for its return on equity, though it leaves little room for an earnings slowdown.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Nuvama_Wealth_share_price_target\"><\/span><strong>What is the Nuvama Wealth share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A domestic brokerage set a Nuvama Wealth share price target of Rs 2,100 with a buy rating on 4 August 2026, implying about 19% upside from Rs 1,758. Targets are estimates and can change with market conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Who_is_the_promoter_of_Nuvama_Wealth\"><\/span><strong>Who is the promoter of Nuvama Wealth?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Private equity firm PAG is the promoter of this capital markets stock, holding 53.98% as of June 2026. Reports in mid-2026 said PAG was considering a stake sale, but no deal has been confirmed.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Should_I_buy_a_capital_markets_stock_after_a_265_rally\"><\/span><strong>Should I buy a capital markets stock after a 265% rally?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> A large rally means much good news is already priced in, and this sector is sensitive to market volumes and regulation. Staggered buying, a clear risk limit and advice from a SEBI-registered advisor are sensible before investing.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which capital markets stock rose 265% since listing?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Nuvama Wealth Management (NSE: NUVAMA) is the capital markets stock that returned 264.92% on the 3-year screen as of 10 September 2026, which effectively covers its time since the September 2023 listing. It ranked 15th among 101 large-cap and mid-cap NSE stocks screened.\"}},{\"@type\":\"Question\",\"name\":\"Did Nuvama Wealth split its shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Yes, Nuvama Wealth split each Rs 10 share into five Rs 2 shares, with a record date of 26 December 2025. All returns in this article are split-adjusted, so the rally reflects real price appreciation.\"}},{\"@type\":\"Question\",\"name\":\"Why did Nuvama Wealth share price rise so much?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Profit rose from about Rs 305 crore in FY23 to Rs 1,040 crore in FY26 as client assets crossed Rs 5 lakh crore. Rising foreign and domestic institutional holdings and record Q1 FY27 profit also supported the rally.\"}},{\"@type\":\"Question\",\"name\":\"What were Nuvama Wealth Q1 FY27 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net revenue rose 18% year on year to Rs 909 crore and net profit rose 16% to about Rs 306 crore, the first quarter above Rs 300 crore. Return on equity was around 29.5%.\"}},{\"@type\":\"Question\",\"name\":\"Is this capital markets stock overvalued?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The stock trades at a PE of about 30.4 against an industry PE of around 34.7, but the price-to-book ratio is high at about 8. The valuation looks reasonable for its return on equity, though it leaves little room for an earnings slowdown.\"}},{\"@type\":\"Question\",\"name\":\"What is the Nuvama Wealth share price target?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A domestic brokerage set a Nuvama Wealth share price target of Rs 2,100 with a buy rating on 4 August 2026, implying about 19% upside from Rs 1,758. Targets are estimates and can change with market conditions.\"}},{\"@type\":\"Question\",\"name\":\"Who is the promoter of Nuvama Wealth?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Private equity firm PAG is the promoter of this capital markets stock, holding 53.98% as of June 2026. Reports in mid-2026 said PAG was considering a stake sale, but no deal has been confirmed.\"}},{\"@type\":\"Question\",\"name\":\"Should I buy a capital markets stock after a 265% rally?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"A large rally means much good news is already priced in, and this sector is sensitive to market volumes and regulation. Staggered buying, a clear risk limit and advice from a SEBI-registered advisor are sensible before investing.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One wealth and broking group spun off in 2023 has returned about 265% since listing, with profits growing faster than its share price. Here is what drove it and what could go wrong.<\/p>\n","protected":false},"author":29,"featured_media":241999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-242000","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["241999"],"rank_math_title":["Capital Markets Stock Up 265% Since Listing: What Drove It"],"rank_math_description":["This capital markets stock rose approximately 265% since its 2023 listing as profit grew 3.4 times and client assets topped Rs 5 lakh crore. See financials and risks."],"rank_math_focus_keyword":["capital markets stock"],"rank_math_robots":["a:2:{i:0;s:7:\"noindex\";i:1;s:8:\"nofollow\";}"]},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/univest.in\/blogs-2\/wp-content\/uploads\/2026\/09\/capital-markets-stock-rises-265-percent-since-listing.png","_links":{"self":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242000","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/comments?post=242000"}],"version-history":[{"count":1,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242000\/revisions"}],"predecessor-version":[{"id":242001,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/posts\/242000\/revisions\/242001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media\/241999"}],"wp:attachment":[{"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/media?parent=242000"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/categories?post=242000"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/univest.in\/blogs-2\/wp-json\/wp\/v2\/tags?post=242000"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}