Shares of Nuvama Wealth Management are in focus today, as December 26 has been fixed as the record date for the company’s stock split.
On account of the stock market holiday on Christmas, i.e., tomorrow, the stock will trade ex-split today, as yesterday was the last day for investors to buy Nuvama Wealth shares to be eligible for the upcoming 1:5 stock split. Investors purchasing the stock after today will not qualify for the benefits of the 1:5 stock split.
Nuvama Wealth Stock Split Details
As per the official exchange filing, Nuvama Wealth will carry out a subdivision of its equity shares in the ratio of 1:5.
This means 1 equity share of face value Rs. 10 will be split into 5 equity shares of face value Rs. 2 each. The move has been approved by the company’s board and later by shareholders through a postal ballot on December 7, 2025.
Record Date for Nuvama Wealth Stock Split
In its exchange filing, the company stated, “Pursuant to Regulation 42 of the Listing Regulations, the Company has fixed Friday, December 26, 2025, as the Record Date for the purpose of determining the eligibility of Members for the sub-division/split of equity shares.”
Nuvama Wealth Management Share Price Today
At the opening bell on Wednesday, Nuvama shares opened at Rs. 7,465.50, up Rs. 183.50 or 2.52%. So far in December, Nuvama shares have gained around 6%.
Motilal Oswal Financial Services in its November report, assigned a BUY rating to the stock, citing Good Performance in Q2.
“We expect a 15% rise in revenue and 16% rise in PAT CAGR for FY25-28E. Reiterate BUY rating on the stock with a TP of INR9,100” the report noted.
Nuvama Q2 results
On 4th of November this year, Nuvama Group reported its consolidated financial performance for Q2 FY26, where the company reported revenues of Rs. 772 crore, up 4% from Rs. 740 crore in Q2 FY25.
The Nuvama Wealth Management segment also delivered a strong performance in the quarter. Revenues from the segment stood at Rs. 438 crore in Q2, registering a 26% year-on-year growth, while H1 revenues rose 22% YoY to Rs. 815 crore. Profitability also improved, with profit before tax (PBT) increasing 27% YoY to Rs. 151 crore in Q2 and 23% YoY to Rs. 274 crore in H1. Client assets under the wealth management business remained strong, standing at Rs. 3,18,573 crore at the end of Q2. Within this segment, Nuvama Wealth reported Q2 revenues of Rs. 241 crore, up 19% YoY, driven largely by the Managed Portfolio Investment Services (MPIS) business, which recorded a sharp 74% YoY growth.
About Nuvama Wealth Management
Nuvama Wealth Management is one of India’s leading wealth and asset management firms, catering to high-net-worth individuals, family offices, and institutional clients.