{"id":300366,"date":"2026-10-12T09:33:45","date_gmt":"2026-10-12T04:03:45","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=300366"},"modified":"2026-10-12T09:33:45","modified_gmt":"2026-10-12T04:03:45","slug":"capital-markets-and-advisory-stocks-with-strong-future-roadmap","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/","title":{"rendered":"3 Capital Markets and Advisory Stocks With a Strong Future Roadmap: Nuvama Wealth Management, Edelweiss Financial Services and AK Capital Services"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>Nuvama Rs 1,764.40, P\/E 29.61. Edelweiss Rs 127.89, P\/E 16.98. AK Capital Rs 1,751.70, P\/E 9.66. Closing prices of 9 Oct 2026.<\/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;\">Capital markets and advisory stocks with the clearest long-term roadmaps today include Nuvama in wealth and asset services, Edelweiss in asset management and wealth businesses and AK Capital in merchant banking and lending. FY26 revenue growth was 11.5% at Nuvama, 14.1% at Edelweiss and 18.4% at AK Capital. P\/E stands at 29.61 for Nuvama (industry 34.91), 16.98 for Edelweiss (industry 17.72) and 9.66 for AK Capital (industry 17.72). Demand cycles, input costs and valuation decide how much of that growth the market keeps paying for, so each company&#8217;s risks need equal attention.<\/p>\n<\/p><\/div>\n<p>Capital markets and advisory stocks give investors exposure to wealth management, asset management and merchant banking. Client assets, market activity and fundraising volumes decide how much of that demand turns into profit.<\/p>\n<p>This list covers three capital markets and advisory stocks: Nuvama Wealth Management for wealth and asset services, Edelweiss Financial Services for asset management and wealth businesses and AK Capital Services for merchant banking and lending. Every figure comes from the latest reported financials and the 9 October 2026 market close. Companies without complete current figures were left out.<\/p>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=capital-markets-and-advisory-stocks-with-strong-future-roadmap\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/a><\/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-and-advisory-stocks-with-strong-future-roadmap\/#What_Are_Capital_Markets_and_Advisory_Stocks\" title=\"What Are Capital Markets and Advisory Stocks?\">What Are Capital Markets and Advisory Stocks?<\/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-and-advisory-stocks-with-strong-future-roadmap\/#Capital_Markets_and_Advisory_Stocks_at_a_Glance\" title=\"Capital Markets and Advisory Stocks at a Glance\">Capital Markets and Advisory Stocks at a Glance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Why_Do_Capital_Markets_and_Advisory_Stocks_Have_a_Strong_Roadmap_in_India\" title=\"Why Do Capital Markets and Advisory Stocks Have a Strong Roadmap in India?\">Why Do Capital Markets and Advisory Stocks Have a Strong Roadmap in India?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Nuvama_Wealth_Management_Wealth_and_Asset_Services_Drive_the_Pipeline\" title=\"Nuvama Wealth Management: Wealth and Asset Services Drive the Pipeline\">Nuvama Wealth Management: Wealth and Asset Services Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Edelweiss_Financial_Services_Asset_Management_and_Wealth_Drive_the_Pipeline\" title=\"Edelweiss Financial Services: Asset Management and Wealth Drive the Pipeline\">Edelweiss Financial Services: Asset Management and Wealth Drive the Pipeline<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#AK_Capital_Services_Merchant_Banking_and_Lending_Anchor_the_Roadmap\" title=\"AK Capital Services: Merchant Banking and Lending Anchor the Roadmap\">AK Capital Services: Merchant Banking and Lending Anchor the Roadmap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Best_Capital_Markets_and_Advisory_Stocks_in_India_Nuvama_vs_Edelweiss_vs_AK_Capital_on_Key_Financials\" title=\"Best Capital Markets and Advisory Stocks in India: Nuvama vs Edelweiss vs AK Capital on Key Financials\">Best Capital Markets and Advisory Stocks in India: Nuvama vs Edelweiss vs AK Capital on Key Financials<\/a><\/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-and-advisory-stocks-with-strong-future-roadmap\/#How_to_Evaluate_Capital_Markets_and_Advisory_Stocks_to_Buy_Before_You_Invest\" title=\"How to Evaluate Capital Markets and Advisory Stocks to Buy Before You Invest\">How to Evaluate Capital Markets and Advisory Stocks to Buy Before You Invest<\/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-and-advisory-stocks-with-strong-future-roadmap\/#Risks_to_Consider_Before_Investing_in_Capital_Markets_and_Advisory_Stocks\" title=\"Risks to Consider Before Investing in Capital Markets and Advisory Stocks\">Risks to Consider Before Investing in Capital Markets and Advisory Stocks<\/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-and-advisory-stocks-with-strong-future-roadmap\/#Final_Take_Which_Stock_Has_the_Strongest_Roadmap\" title=\"Final Take: Which Stock Has the Strongest Roadmap?\">Final Take: Which Stock Has the Strongest Roadmap?<\/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-and-advisory-stocks-with-strong-future-roadmap\/#FAQs_on_Capital_Markets_and_Advisory_Stocks\" title=\"FAQs on Capital Markets and Advisory Stocks\">FAQs on Capital Markets and Advisory Stocks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Which_are_the_best_capital_markets_and_advisory_stocks_in_India_with_a_strong_roadmap\" title=\"Which are the best capital markets and advisory stocks in India with a strong roadmap?\">Which are the best capital markets and advisory stocks in India with a strong roadmap?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Is_Nuvama_Wealth_Management_a_good_stock_to_buy_now\" title=\"Is Nuvama Wealth Management a good stock to buy now?\">Is Nuvama Wealth Management a good stock to buy now?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#What_is_the_PE_ratio_of_Nuvama_Edelweiss_and_AK_Capital\" title=\"What is the P\/E ratio of Nuvama, Edelweiss and AK Capital?\">What is the P\/E ratio of Nuvama, Edelweiss and AK Capital?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#Which_of_these_capital_markets_and_advisory_stocks_has_the_highest_return_on_equity\" title=\"Which of these capital markets and advisory stocks has the highest return on equity?\">Which of these capital markets and advisory stocks has the highest return on equity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/capital-markets-and-advisory-stocks-with-strong-future-roadmap\/#What_are_the_risks_of_investing_in_capital_markets_and_advisory_stocks\" title=\"What are the risks of investing in capital markets and advisory stocks?\">What are the risks of investing in capital markets and advisory stocks?<\/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-and-advisory-stocks-with-strong-future-roadmap\/#How_did_Nuvama_Edelweiss_and_AK_Capital_perform_in_Q1_FY27\" title=\"How did Nuvama, Edelweiss and AK Capital perform in Q1 FY27?\">How did Nuvama, Edelweiss and AK Capital perform in Q1 FY27?<\/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-and-advisory-stocks-with-strong-future-roadmap\/#Do_capital_markets_and_advisory_stocks_pay_dividends\" title=\"Do capital markets and advisory stocks pay dividends?\">Do capital markets and advisory stocks pay dividends?<\/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-and-advisory-stocks-with-strong-future-roadmap\/#How_can_I_invest_in_capital_markets_and_advisory_stocks_in_India\" title=\"How can I invest in capital markets and advisory stocks in India?\">How can I invest in capital markets and advisory stocks in India?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_Capital_Markets_and_Advisory_Stocks\"><\/span><strong>What Are Capital Markets and Advisory Stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Capital markets and advisory stocks are shares of companies that earn fees from wealth, asset management and fundraising advice. Results depend on client assets, market activity and fundraising volumes, so market cycle exposure and fee income separate the stronger names.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Capital_Markets_and_Advisory_Stocks_at_a_Glance\"><\/span><strong>Capital Markets and Advisory Stocks at a Glance<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The table compares size, valuation, return on equity and debt for the three capital markets and advisory stocks as of the 9 Oct 2026 close.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Company<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">CMP (Rs)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Market Cap (Rs Cr)<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Industry P\/E<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">ROE<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Debt to Equity<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/nuvama\/nuvama-wealth-management-ltd-share-price-today\">Nuvama Wealth Management<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,764.40<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">32,037<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.61<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">34.91<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.26%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.80<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/edelweiss\/edelweiss-financial-services-ltd-share-price-today\">Edelweiss Financial Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">127.89<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">12,087<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.98<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\"><a href=\"https:\/\/univest.in\/stocks\/akcapit\/ak-capital-services-ltd-share-price-today\">AK Capital Services<\/a><\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,751.70<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,143<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.66<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">17.72<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.55%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.95<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Among wealth management stocks, all three trade at a discount to their industry P\/E multiples.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Do_Capital_Markets_and_Advisory_Stocks_Have_a_Strong_Roadmap_in_India\"><\/span><strong>Why Do Capital Markets and Advisory Stocks Have a Strong Roadmap in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Capital markets and advisory stocks have a strong roadmap in India because household wealth is growing, more companies are raising money through bonds and equity and wealthy clients want professional advice. Three drivers stand out.<\/p>\n<ul>\n<li><strong>Growing household wealth:<\/strong> More investors seek managed portfolios and advisory services.<\/li>\n<li><strong>Fundraising activity:<\/strong> Companies raise money through debt and equity, which brings advisory fees.<\/li>\n<li><strong>Alternative assets:<\/strong> Investors are adding private credit and other alternative products.<\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Nuvama_Wealth_Management_Wealth_and_Asset_Services_Drive_the_Pipeline\"><\/span><strong>Nuvama Wealth Management: Wealth and Asset Services Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Nuvama&#8217;s roadmap rests on wealth management for high net worth clients, asset services and capital markets businesses, with growing client assets and market activity supporting revenue.<\/p>\n<p>Revenue grew from Rs 1,783.60 crore in FY22 to Rs 4,649.65 crore in FY26, a 160.7% rise, and FY26 revenue was 11.5% higher than FY25. FY26 net profit rose 5.6% to Rs 1,040.26 crore. Over four years, net profit rose from Rs 857.13 crore in FY22 to Rs 1,040.26 crore. In Q1 FY27, revenue grew 22.9% to Rs 1,381.96 crore, and net profit rose 15.8% to Rs 305.64 crore.<\/p>\n<p>Debt to equity is 2.80 and return on equity is 25.26%. Nuvama paid a dividend of Rs 27.8 per share for FY26, a yield of 1.58%. At a P\/E of 29.61 against an industry P\/E of 34.91, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 29.61 against an industry P\/E of 34.91 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Edelweiss_Financial_Services_Asset_Management_and_Wealth_Drive_the_Pipeline\"><\/span><strong>Edelweiss Financial Services: Asset Management and Wealth Drive the Pipeline<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Edelweiss&#8217; roadmap rests on alternative asset management, wealth management, life insurance and credit, with growing client assets supporting fee income.<\/p>\n<p>Revenue grew from Rs 7,212.59 crore in FY22 to Rs 10,865.14 crore in FY26, a 50.6% rise, and FY26 revenue was 14.1% higher than FY25. FY26 net profit rose 27.0% to Rs 680.46 crore. Over four years, net profit rose from Rs 212.07 crore in FY22 to Rs 680.46 crore. In Q1 FY27, revenue grew 6.0% to Rs 2,418.81 crore, and net profit rose 30.9% to Rs 134.37 crore.<\/p>\n<p>Debt to equity is 4.02 and return on equity is 13.58%. Edelweiss paid a dividend of Rs 1.5 per share for FY26, a yield of 1.17%. At a P\/E of 16.98 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 16.98 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"AK_Capital_Services_Merchant_Banking_and_Lending_Anchor_the_Roadmap\"><\/span><strong>AK Capital Services: Merchant Banking and Lending Anchor the Roadmap<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>AK Capital&#8217;s roadmap rests on merchant banking, debt capital market services, broking and lending, with several fee and interest income lines supporting earnings.<\/p>\n<p>Revenue grew from Rs 322.89 crore in FY22 to Rs 573.02 crore in FY26, a 77.5% rise, and FY26 revenue was 18.4% higher than FY25. FY26 net profit rose 30.9% to Rs 114.04 crore. Over four years, net profit rose from Rs 83.01 crore in FY22 to Rs 114.04 crore. In Q1 FY27, revenue grew 4.2% to Rs 140.27 crore, and net profit rose 18.2% to Rs 28.27 crore.<\/p>\n<p>Debt to equity is 2.95 and return on equity is 10.55%. AK Capital paid a dividend of Rs 60 per share for FY26, a yield of 3.46%. At a P\/E of 9.66 against an industry P\/E of 17.72, the stock trades below its industry multiple.<\/p>\n<p>What to watch: The P\/E of 9.66 against an industry P\/E of 17.72 leaves valuation less stretched, so the next quarters&#8217; growth is the figure to follow.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Best_Capital_Markets_and_Advisory_Stocks_in_India_Nuvama_vs_Edelweiss_vs_AK_Capital_on_Key_Financials\"><\/span><strong>Best Capital Markets and Advisory Stocks in India: Nuvama vs Edelweiss vs AK Capital on Key Financials<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Among the best capital markets and advisory stocks in India, Nuvama leads on Q1 FY27 revenue growth and return on equity; Edelweiss leads on Q1 FY27 net profit growth; AK Capital leads on FY26 revenue growth and FY26 net profit growth. The table puts the numbers side by side.<\/p>\n<div style=\"overflow-x:auto;\">\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Metric<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Nuvama<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">Edelweiss<\/th>\n<th style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;background:#F0F4F8;\">AK Capital<\/th>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4,649.65<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10,865.14<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">573.02<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 revenue growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">11.5%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">14.1%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.4%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit (Rs Cr)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1,040.26<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">680.46<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">114.04<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">FY26 net profit growth<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">5.6%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">27.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.9%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 revenue growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">22.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">6.0%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Q1 FY27 net profit growth (YoY)<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">15.8%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">30.9%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">18.2%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Return on equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">25.26%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">13.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">10.55%<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">P\/E ratio<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">29.61<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">16.98<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">9.66<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Debt to equity<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.80<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">4.02<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">2.95<\/td>\n<\/tr>\n<tr>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">Dividend yield<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.58%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">1.17%<\/td>\n<td style=\"border:1px solid #DDDDDD;padding:8px 10px;text-align:left;\">3.46%<\/td>\n<\/tr>\n<\/table>\n<\/div>\n<p>Capital markets earnings follow client assets, market activity and fundraising volumes, so full-year numbers and quarterly trends together give a better view.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"How_to_Evaluate_Capital_Markets_and_Advisory_Stocks_to_Buy_Before_You_Invest\"><\/span><strong>How to Evaluate Capital Markets and Advisory Stocks to Buy Before You Invest<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>A short checklist keeps the research consistent when you screen capital markets and advisory stocks and shortlist capital markets and advisory stocks to buy.<\/p>\n<ol>\n<li>Compare each stock&#8217;s P\/E with its industry P\/E, which differs by company here.<\/li>\n<li>Check how much income is recurring fees and how much depends on market activity, because the second part can vary through the year.<\/li>\n<li>Check whether revenue growth is turning into profit growth, not only sales.<\/li>\n<li>Read loan growth against funding costs to see how growth is financed.<\/li>\n<li>Watch debt to equity and interest cover before sizing a position.<\/li>\n<li>Spread exposure across companies and business lines instead of one demand cycle.<\/li>\n<\/ol>\n<p style=\"margin-top:24px;\"><a href=\"https:\/\/univest.in\/screeners\"><strong>Check the Univest Screener for live data on these capital markets and advisory stocks<\/strong><\/a><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_to_Consider_Before_Investing_in_Capital_Markets_and_Advisory_Stocks\"><\/span><strong>Risks to Consider Before Investing in Capital Markets and Advisory Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ul>\n<li><strong>Market cycles:<\/strong> Fee income can change with equity and bond market activity.<\/li>\n<li><strong>Regulatory changes:<\/strong> Rule changes by the market regulator can alter fee structures.<\/li>\n<li><strong>Quarterly trends:<\/strong> A single weak quarter can change near-term earnings, so track results every quarter.<\/li>\n<\/ul>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track Nuvama, Edelweiss and AK Capital live.<\/em><\/p>\n<p>Annual reports and quarterly result presentations are the most reliable places to verify the numbers quoted here, because they show segment details, management commentary and the notes behind each figure.<\/p>\n<p>Comparing a quarter with the same quarter of the previous year gives a cleaner reading than comparing it with the preceding quarter, since seasonal patterns affect many businesses in India.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Final_Take_Which_Stock_Has_the_Strongest_Roadmap\"><\/span><strong>Final Take: Which Stock Has the Strongest Roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>These three wealth management stocks cover a wealth manager, a diversified financial group and a merchant banking firm. Nuvama leads on Q1 FY27 revenue growth and return on equity; Edelweiss leads on Q1 FY27 net profit growth; AK Capital leads on FY26 revenue growth and FY26 net profit growth.<\/p>\n<p>Across capital markets and advisory stocks, each roadmap still has to turn growth into steady profit, so independent research and position sizing matter. Investors should consult a SEBI-registered advisor before acting on any of the capital markets and advisory stocks to buy discussed here.<\/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. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. 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<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"FAQs_on_Capital_Markets_and_Advisory_Stocks\"><\/span><strong>FAQs on Capital Markets and Advisory Stocks<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_are_the_best_capital_markets_and_advisory_stocks_in_India_with_a_strong_roadmap\"><\/span><strong>Which are the best capital markets and advisory stocks in India with a strong roadmap?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nuvama Wealth Management, Edelweiss Financial Services and AK Capital Services stand out for their roadmaps in a wealth manager, a diversified financial group and a merchant banking firm. FY26 revenue growth was 11.5% at Nuvama, 14.1% at Edelweiss and 18.4% at AK Capital, and return on equity ranges from 10.55% to 25.26%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_Nuvama_Wealth_Management_a_good_stock_to_buy_now\"><\/span><strong>Is Nuvama Wealth Management a good stock to buy now?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nuvama Wealth Management has a debt to equity ratio of 2.80, a return on equity of 25.26% and a P\/E of 29.61 against an industry P\/E of 34.91. Valuation, market activity and regulation move results. This article is not investment advice, so consult a SEBI-registered advisor before deciding.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_PE_ratio_of_Nuvama_Edelweiss_and_AK_Capital\"><\/span><strong>What is the P\/E ratio of Nuvama, Edelweiss and AK Capital?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The P\/E ratio is 29.61 for Nuvama (industry 34.91), 16.98 for Edelweiss (industry 17.72) and 9.66 for AK Capital (industry 17.72). All of them trade below the industry multiple.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Which_of_these_capital_markets_and_advisory_stocks_has_the_highest_return_on_equity\"><\/span><strong>Which of these capital markets and advisory stocks has the highest return on equity?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nuvama Wealth Management has the highest return on equity at 25.26%, followed by Edelweiss Financial Services at 13.58% and AK Capital Services at 10.55%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_of_investing_in_capital_markets_and_advisory_stocks\"><\/span><strong>What are the risks of investing in capital markets and advisory stocks?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are market cycles, regulatory changes and quarterly trends. Fee income can change with equity and bond market activity.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_did_Nuvama_Edelweiss_and_AK_Capital_perform_in_Q1_FY27\"><\/span><strong>How did Nuvama, Edelweiss and AK Capital perform in Q1 FY27?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Nuvama Wealth Management reported revenue of Rs 1,381.96 crore, up 22.9% year on year, and net profit rose 15.8% to Rs 305.64 crore. Edelweiss Financial Services reported revenue of Rs 2,418.81 crore, up 6.0% year on year, and net profit rose 30.9% to Rs 134.37 crore. AK Capital Services reported revenue of Rs 140.27 crore, up 4.2% year on year, and net profit rose 18.2% to Rs 28.27 crore.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_capital_markets_and_advisory_stocks_pay_dividends\"><\/span><strong>Do capital markets and advisory stocks pay dividends?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes, all three companies pay dividends. The dividend yield is 1.58% for Nuvama, 1.17% for Edelweiss and 3.46% for AK Capital, based on dividends declared for FY26.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_can_I_invest_in_capital_markets_and_advisory_stocks_in_India\"><\/span><strong>How can I invest in capital markets and advisory stocks in India?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> You can buy capital markets and advisory stocks through a demat and trading account on NSE or BSE after checking each company&#8217;s financials, margins and valuation. The Univest Screener lets you compare fundamentals before placing an order. Investments in securities are subject to market risk, so consider your risk profile first.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which are the best capital markets and advisory stocks in India with a strong roadmap?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Nuvama Wealth Management, Edelweiss Financial Services and AK Capital Services stand out for their roadmaps in a wealth manager, a diversified financial group and a merchant banking firm. 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