{"id":119088,"date":"2024-02-14T14:43:21","date_gmt":"2024-02-14T09:13:21","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=119088"},"modified":"2024-02-14T16:33:01","modified_gmt":"2024-02-14T11:03:01","slug":"smallcap-stock-jumps-10-after-its-net-profits-rose-102-yoy","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-10-after-its-net-profits-rose-102-yoy\/","title":{"rendered":"Smallcap stock jumps 10% after its net profits rose 102% YoY"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2858407947\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this Broking stock under the \u2018small-cap\u2019 category zoomed around 10 percent in Wednesday\u2019s trading session after the company announced financial results for the quarter ended December 2023. In the past six months, the company\u2019s stock has gained more than 40 percent for its stakeholders.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2080085956\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 13,119.18 crores, the stocks of Nuvama Wealth Management Limited started their trading session on Wednesday at Rs 3,514.75 and currently trade at Rs 3,731 per share.&nbsp;<\/p><p>The company\u2019s scrip witnessed an intra-day high, also marked as the fresh 52-week high level, of Rs 3,895 gaining around 14 percent compared to the previous closing levels of Rs 3,411.40 apiece.&nbsp;<\/p><p>Such bullish share price movements are observed today after the company, through a regulatory filing with the Bombay Stock Exchange (BSE), announced financial results for Q3FY23-24, i.e., for the December 2023 quarter.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2934369532\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Sequentially, the prime indicators of business, viz, operating revenues as well as after-tax profits, showed positive movements with the former increasing from Rs 735 crores during Q2FY24 to Rs 841 crores during Q3FY24, and the latter, keeping the timeframe the same, moving from Rs 145 crores to Rs 176 crores.&nbsp;<\/p><p>On a YoY basis, the metrics mentioned above have shown stellar performance with the operating revenues increasing from Rs 579 crores during Q3FY23 to Rs 841 crores during Q3FY24, and the after-tax profits, during the same period, taking a shift from Rs 87 crores to Rs 176 crores exhibiting a gain of a whopping 102 percent.&nbsp;<\/p><p>As per the recent presentations, the company provided key performance highlights with the \u2018client assets\u2019 reported at around Rs 2.42 lakh crores as of Q3FY24, indicating a growth of 29 percent YoY.&nbsp;<\/p><p>In the \u2018Nuvama Wealth\u2019 segment, the revenues and net flows from \u2018Managed Products &amp; Investment Solutions\u2019 (MPIS) accounted for 80 percent of the net flows received.&nbsp;<\/p><p>According to the latest shareholding pattern for the December 2023 quarter, the company\u2019s Promoters hold a 55.95 percent stake, and the Foreign Institutional Investors, decreasing their stake during the recent period, currently hold a stake of 7.16 percent stake in the company.<\/p><p>Nuvama Wealth Management Limited, under the \u2018Edelweiss\u2019 Group founded in 1993, is a leading wealth management solution provider based in India that has a presence across various verticals, viz, wealth &amp; investment management, custodial and advisory services, and institutional securities.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1805451690\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Amit Madnani&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3307090408\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this Broking stock under the \u2018small-cap\u2019 category zoomed around 10 percent in Wednesday\u2019s trading session after the company announced financial results for the quarter ended December 2023. In the past six months, the company\u2019s stock has gained more than 40 percent for its stakeholders.&nbsp; With a market capitalization of Rs 13,119.18 crores, the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":98559,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-119088","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap stock jumps 10% after its net profits rose 102% YoY - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Shares of this Broking stock under the \u2018small-cap\u2019 category zoomed around 10 percent in Wednesday\u2019s trading session after the company announced financial results for the quarter ended December 2023.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-10-after-its-net-profits-rose-102-yoy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap stock jumps 10% after its net profits rose 102% YoY\" \/>\n<meta property=\"og:description\" content=\"Shares of this Broking stock under the \u2018small-cap\u2019 category zoomed around 10 percent in Wednesday\u2019s trading session after the company announced financial results for the quarter ended December 2023.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-10-after-its-net-profits-rose-102-yoy\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-14T09:13:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-14T11:03:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/03\/index-cover-image-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-10-after-its-net-profits-rose-102-yoy\/\",\"url\":\"https:\/\/tradebrains.in\/features\/smallcap-stock-jumps-10-after-its-net-profits-rose-102-yoy\/\",\"name\":\"Smallcap stock jumps 10% after its net profits rose 102% YoY - 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