The stock of stock broking company Nuvama Wealth Management is going to be split. Under this, one share with face value of Rs 10 will be divided into 5 shares with face value of Rs 2. The stock split was announced on November 4.
Record date is 26 December 2025. The shares of those shareholders whose names appear as beneficial owners of shares in the records of the Register of Members of the Company or the Depositories as on this date, will be subject to stock split.
Nuvama Wealth Management was listed on the stock exchanges in September 2023. Earlier, November 11, 2025 was the record date for the company’s interim dividend of Rs 70 per share.
The stock closed at Rs 7351.05 on BSE on Friday, December 12. The market cap of the company is more than Rs 26700 crore. By the end of September 2025, promoters held 54.65 percent stake in the company.
Nuvama Wealth Management shares have gained 14 percent in 3 months. The price has jumped 125 percent in 2 years. The stock has a 52-week high of Rs 8510 and low of Rs 4567.80 on BSE.
Brokerage firm Motilal Oswal has given a target price of Rs 9100 per share with a ‘buy’ rating for the stock. This is about 24 percent more than the current price.