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Business Standard
3 days ago
- Business
- Business Standard
Nuvama Wealth shares surge 78% from April low; what's driving the stock?
Nuvama Wealth Management share price today Shares of Nuvama Wealth Management (NWML) hit a new high of ₹8,121, gaining 3 per cent on the BSE in Friday's intraday trade. In the past one week, the market price of the stock broking and allied services company has outperformed the market by surging 18 per cent. In comparison, the BSE Sensex was up 2.7 per cent during the period. The stock price of NWML has bounced back 78 per cent from its 52-week low of ₹4,567.80, which it touched on April 7, 2025. NWML's FY25 performance Nuvama Wealth's client assets grew by about 24 per cent in the financial year 2024-25, while revenue for the year rose by about 41 per cent and profits by about 65 per cent. Nuvama Wealth closed FY25 with about ₹986 crore of profit after tax. The wealth management company's profit margins went up and the ROE substantially improved from about 23.6 per cent to 31.5 per cent. India wealth management industry outlook India's financial sector has performed well in fiscal 2025. Despite the slowdown and market correction in the second half, the sector ended the year on a solid ground. Looking ahead, the growth is expected to continue, though at a more measured pace as markets and investors adjust to evolving uncertainties. The Reserve Bank of India (RBI), essentially, started injecting liquidity through Open Market Operations (OMO) and let the rupee depreciate. It also announced a string of repo rate cuts. Reduction of risk weight was done towards non-banking finance companies (NBFC) and micro finance companies. Inflation target became more benign. CRISIL Ratings view on NWML According to CRISIL, the Nuvama group is a prominent player in the wealth management serving Ultra High Net Worth Individuals (UHNI), High Net Worth Individuals (HNI) and Affluent client segments. It offers wealth management solutions, covering investment advisory, estate planning, investment management, lending and broking services for individuals, institutions, CXOs, professional investors, and family offices. The group holds a competitive position in the majority of businesses and is expected to further strengthen its market position through growth and diversification, over the medium term. Most of the businesses are fee-based, with borrowings largely onward for working capital requirements and short-tenor lending to the wealth business clients for margin/ESOP financing and loan against shares (LAS). Apart from the growth in total income, cost optimization has been another key driver for improvement in profitability. Another driver for sustenance in earnings metrics has been the increased emphasis on, and thus share of, annual recurring revenue (ARR) in the wealth management business, growing scale and share from asset management business and improvement in market share for businesses such as clearing and custody. About Nuvama Group As one of India's leading integrated wealth management firms in India. Nuvama oversees ₹4.3 trillion of client assets and caters to a diverse set of clients, which includes over 1.2 million affluent HNIs and more than 4,250 of India's most prosperous families as of Q4FY25. Nuvama offers wealth management solutions, covering investment advisory, estate planning, investment management, lending and broking services for individuals, institutions, CXOs, professional investors, and family offices. It also offers a wide bouquet of alternative asset management products and is a leading player in capital markets.
Irish Examiner
4 days ago
- Business
- Irish Examiner
International buyers ensure Kinsale property values continue to soar
When it comes to lifestyle locations, Kinsale is a leading contender not just in the Irish context, but also internationally. Its experience now over half of a century as a top visitor destination has embedded itself deeply into not only 'brand awareness' but also into a new generation of locals and recently arrived residents, with a knock-on impact on the town and hinterland's property market too, for better and for worse. Few other Irish spots, coastal or inland, have the attributes that cosmopolitan Kinsale has: it ticks location boxes, but is also stunning scenic thanks to an up-and-down topography, with a mix of harbour, river and rugged coastline and cliff-ringed variations among its valleys and backwater hideaways. Add in blessed with proximity to an international airport and port city (Cork) with third-level college and strong employment base; beaches for sea-swimmers, surfers and saunas, a wide array of leisure activities and sports from the traditional and inclusive to the rather more exclusive, with upper echelons typified by the arrival of super-yachts at the marinas, and helicopters at the Old Head of Kinsale. Influxes of cash, be it dollars or euros, keep shops, cafes and crafts, galleries and gourmet restaurants afloat too, increasing year-round, and the consequent cash-rich culture and presence of High Net Worth Individuals (HNWIs) has of course been widely remarked upon. The Dock, Kinsale, Co Cork. At the top of the Munster market in terms of top house sales and values, Kinsale continues to attract local, national and overseas buyers. Picture: Dan Linehan Given international uncertainties, wars and tragedies abroad, from the Ukraine to the Middle East, Iran and the Gulf to the Gulf of America (we mean this more in terms of US political divide than the attempted rebranding of waters around Mexico!) to climate change, raging forest fires, rising sea levels, and soaring temperatures in the Mediterranean and other traditional playgrounds of the rich and famous, the allure of a more temperate, even-handed, politically stable locations such as Ireland are only going to grow in appeal to the internationally mobile. That's even more so in the case of a place like Kinsale where, at the very upper end of the market where internation capital is swilling around hot-spots like Scilly/Ardbrack and Compass Hill/Sandycove, fears are being expressed about 'becoming a Trump-like copycat of America's despicable wealth culture, which seems to be permeating within Kinsale itself as well as elsewhere within our country,' to cite one letter writer to this newspaper after the virtual demolition of a period seaside home bought for many millions of euros. While that's not typical of the wider market, Kinsale is well used to the knock and rebuild culture evident since native and overseas buyers eyed Kinsale up after the depressed 1980s: there's never been so much wealth around as right now, it's clear. Kinsale already tops the Munster market in terms of top house sales and values, with a fistful in the c.€5m league in the past three years: this threshold will be breached for sure in the coming months or year when Coolmain Castle on 36 acres with water frontage west of Kinsale and the Old Head moves to new hands. Priced at a far from Mickey Mouse sum of €7.5 million, Coolmain Castle came to the international market this April, after 36 years in Disney family hands, offered via agents Hodnett Forde and Lisney, rightly making waves beyond Irish shores. Coolmain indeed is a world-class property, and the eventual selling price will reflect that. The big question is: 'Who will be the buyer?' Bigger than Disney? A golfer? An under-the-radar billionaire seeking Irish seaside sanctuary? 'Coolmain Castle has attracted significant international interest and a handful of viewings have taken place so far,' says Trevor O'Sullivan of Lisney Sotheby's International Realty. He says Kinsale 'has been a hub of activity in 2025 once the spring selling season kicked in, with the brighter days and longer evenings. With the current Trump administration in power, we are noticing a large increase in overseas and predominately American buyers. In fact, some weeks we receive up to five calls in a week directly from American buyers looking to move to Ireland to buy a permanent home or buy a holiday home for three months of the year.' Kinsale, Co Cork. Picture: Dan Linehan Lisney alone had two significant Kinsale €1 million+ closings in the past six months or so, one historic in the heart of town (Fisherman's Hall), the other at Garretstown: 'both properties attracted significant overseas interest and also interest from Cork/Dublin,' says Mr O'Sullivan. The dozen+ Kinsale hinterland property market priced in excess of €1m is about to be added to by two more major listings west of the town along the coast (think Kilbritain/Coolmain area), hints Lisney Sotheby's IR colleague Eileen Neville. As they are prepped, Ms Neville reports 'renewed interest from both European and US buyers in Kinsale. Early this year, following Trump's election, enquiries surged as Americans explored relocation and investment options. While the introduction of tariffs temporarily dampened momentum, activity has picked up again now that those measures are on hold. 'Kinsale's coastal charm, vibrant community, and relative value compared to US and some European markets continue to attract buyers seeking long-term homes and summer residences,' Ms Neville adds. Yankee dollar 'US dollar buyers continue to be prolific,' says estate agent Brendan Bowe who opened his third Cork office in Kinsale a few years back just as prices further ratcheted up, and he reports 'a welcome increase in supply over last year, it definitely seems to be on the rise.' Typically, Q1 of any year is quiet, he says, with preliminary 'scoping' from overseas with activity then getting more real in Q2', but this year 'we saw boots on the ground in Q1, the American buyer has really been quite prolific. Mr Bowe adds there's been an uptick too in European buyers, partly due the ongoing war in Ukraine and Russian aggression spooking those living closer to Eastern Europe. While the Irish Examiner has tracked the purchases such as those by US billionaire James Berwind who so far has spent over €20m on a handful of Kinsale homes, especially around a Sandycove headland, 'there are fantastic Irish buyers too, from the wider Cork area and beyond, as well as those in the diaspora who have done very well and may be looking to return home. It's not just big billionaire and business names and the occasional celebrity (local rumours of a certain U2 band/family member buyer have resurfaced this summer!) that are doing the deals. 'There's an extraordinary strength and calibre of buyer now that goes unremarked upon, from company vice-presidents to financial controllers and cloud retailers, we don't realise how well connected these people are in the world of law, finance and venture capital — they have such a global reach and network,' says Brendan Bowe: 'There are opportunities here for them and their families, and of course the ability to remote work has been a game-changer.' As other local estate agents attest, Non-Disclosure Agreements (NDA's) are increasingly common, but this being Ireland, and Kinsale being Kinsale, news of who's bid or bought locally soon leaks out, via a presence in bars and restaurants, or in marinas or at Cork Airport when private jets flit in and out. Then, there's the Old Head of Kinsale Golf Course when serious old money rubs shoulders with cyber currency kiddos working on their handicaps and social networking: 'The Old Head has been phenomenally good for Kinsale, but then, Kinsale has been very good to the Old Head too,' says Mr Bowe, noting a small number of internation members have bought locally thinking 'it's time to have a pad or a pied a terre in Kinsale ... and some of them don't even play golf it's just 'their club'.' Kinsale, Co Cork. Picture: Dan Linehan
Arabian Business
18-06-2025
- Business
- Arabian Business
Dubai real estate: Sales of homes worth more than $2.7m increase tenfold in 4 years; top millionaire neighbourhoods revealed
Dubai's prime residential property market has entered its fourth consecutive year of growth, with Savills Middle East reporting sustained increases in both value and volume across the city's most exclusive neighbourhoods. According to the newly released Savills Dubai Prime Residential 2025 report, the number of AED10m+ ($2.7m+) home sales rose from 469 in 2020 to a record-breaking 4,670 in 2024 — a tenfold increase. In Q1 2025 alone, more than 1,300 such properties changed hands, up 31 per cent year-on-year. Premium Dubai real estate sales Andrew Cummings, Head of Residential Agency at Savills Middle East, said: 'Dubai's prime residential market continues to attract high-net-worth individuals seeking space, privacy and superior lifestyle quality. This is particularly evident in the consistent demand for luxury villas and branded residences'. Off-plan sales now account for 69 percent of all AED10m+ ($2.7m+) transactions — an increase from just 14 per cent in 2020. The shift reflects rising confidence in Dubai's future supply of high-end homes and growing buyer interest in lifestyle-focused communities. High-performing developments include: Palm Jebel Ali District One West The Acres Dubai Harbour Palm Jumeirah Downtown Dubai Jumeirah Islands has become a standout villa market, with 89 homes sold for AED10m+ ($2.7m) in 2024 — compared to none before 2021. Properties exceeding AED20m ($5.4m) are also on the rise in the area, spurred by extensive, high-end renovations. Villas now represent 70 per cent of all AED10m+ ($2.7m) transactions in Dubai. While waterfront apartments command a higher price per square foot (averaging AED5,400/$1,470), branded residences and luxury lifestyle offerings remain in high demand across both formats. The city also leads globally in branded residences and is forecast to deliver 40 per cent of all such properties in the Middle East and Africa by 2031, underlining its position as a hub for affluent real estate investment. Savills projects 8–10 per cent growth for the emirate's prime residential segment in 2025, supported by rising wealth migration, new masterplan communities, and continued interest in branded and lifestyle-led developments. 'Recent master plan announcements including the development of Jebel Ali Racecourse and the second phase of Jumeirah Golf Estates, alongside launches such as Emaar's Grand Polo Club and Resort, look set to deliver further prime product to Dubai's residential market,' Cummings said.
Yahoo
28-05-2025
- Business
- Yahoo
Charles Schwab High Net Worth Client Pulse Survey Finds Affluent Investors Are Continuing to Gift Their Assets Despite Economic Uncertainty
Among High Net Worth clients making gifts in 2025, 25% plan to give more compared to last year. WESTLAKE, Texas, May 28, 2025--(BUSINESS WIRE)--Despite a backdrop of market volatility and economic uncertainty during the first half of 2025, High Net Worth (HNW) retail investors are continuing to gift their assets, according to the latest Schwab HNW Client Pulse Survey. Half (51%) of HNW Schwab retail clients, defined as those with at least $1 million in assets at Schwab, plan to gift some amount of their wealth this year. Among those gifting, 25% plan to increase the amount of their gifts this year as compared to last year, and only 7% plan to give less. This continued momentum in wealth transfer reflects the confidence among HNW clients that their financial plans are resilient amid market volatility and uncertainty. While a majority (59%) of HNW clients surveyed describe their market outlook as bearish, over half of those with bearish sentiment feel confident they have a plan in place to withstand any potential market correction. In fact, 67% of HNW clients overall remain confident in their decision-making. Looking forward, 57% of HNW Schwab clients surveyed plan to gift some of their assets in the next five years, and three-quarters (74%) plan to do so over the course of their lifetime. "HNW investors may be cautious about the markets, but they're still acting with intention and making decisions that align with their long-term goals, whether that means giving now or planning to transfer wealth over time," said Susan Hirshman, Director of Wealth Management for Schwab Wealth Advisory and Schwab Center for Financial Research. "Confidence doesn't always mean optimism about the market, but it does mean having clarity in your strategy and financial plan, and the discipline to follow it." The Who, How and Why of Gifting Among HNW investors surveyed who are making gifts in 2025, most are focused on supporting their immediate families. The vast majority (84%) say they plan to give assets to their children, with 91% of those gifts intended for children over the age of 18. Half (50%) say they've already had—or plan to have—conversations with their children about the gifts. While cash remains the most common form of giving, nearly one in four HNW clients plan to transfer investments, highlighting the use of appreciated assets as part of tax and estate planning to reduce capital gains and estate taxes. Even with tax efficiency in mind, gifting is driven by more than financial optimization. The top motivations cited by HNW clients include general financial support for family (66%), estate and tax planning (34%), and funding for education (30%). Additionally, 21% aim to help with significant life milestones, such as a wedding, home purchase, or starting a business. "Gifting is about more than passing down wealth—it's about passing down purpose," said Hirshman. "Yes, tax and estate strategies are important, but the conversations around gifting often center on values, legacy, and preparing the next generation to be thoughtful stewards of what they receive." About the Midyear 2025 HNW Pulse Survey by Charles Schwab The Schwab HNW Client Pulse Survey explores the outlooks, expectations, investing patterns and points of view of clients at Charles Schwab who have more than $1M in investable assets. The study included 183 HNW clients at Charles Schwab and was fielded from April 1 – 14, 2025. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. Disclosures The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions. Data herein is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal. (0525-ZUE3) View source version on Contacts Hibah ShariffCharles Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
28-05-2025
- Business
- Yahoo
Charles Schwab High Net Worth Client Pulse Survey Finds Affluent Investors Are Continuing to Gift Their Assets Despite Economic Uncertainty
Among High Net Worth clients making gifts in 2025, 25% plan to give more compared to last year. WESTLAKE, Texas, May 28, 2025--(BUSINESS WIRE)--Despite a backdrop of market volatility and economic uncertainty during the first half of 2025, High Net Worth (HNW) retail investors are continuing to gift their assets, according to the latest Schwab HNW Client Pulse Survey. Half (51%) of HNW Schwab retail clients, defined as those with at least $1 million in assets at Schwab, plan to gift some amount of their wealth this year. Among those gifting, 25% plan to increase the amount of their gifts this year as compared to last year, and only 7% plan to give less. This continued momentum in wealth transfer reflects the confidence among HNW clients that their financial plans are resilient amid market volatility and uncertainty. While a majority (59%) of HNW clients surveyed describe their market outlook as bearish, over half of those with bearish sentiment feel confident they have a plan in place to withstand any potential market correction. In fact, 67% of HNW clients overall remain confident in their decision-making. Looking forward, 57% of HNW Schwab clients surveyed plan to gift some of their assets in the next five years, and three-quarters (74%) plan to do so over the course of their lifetime. "HNW investors may be cautious about the markets, but they're still acting with intention and making decisions that align with their long-term goals, whether that means giving now or planning to transfer wealth over time," said Susan Hirshman, Director of Wealth Management for Schwab Wealth Advisory and Schwab Center for Financial Research. "Confidence doesn't always mean optimism about the market, but it does mean having clarity in your strategy and financial plan, and the discipline to follow it." The Who, How and Why of Gifting Among HNW investors surveyed who are making gifts in 2025, most are focused on supporting their immediate families. The vast majority (84%) say they plan to give assets to their children, with 91% of those gifts intended for children over the age of 18. Half (50%) say they've already had—or plan to have—conversations with their children about the gifts. While cash remains the most common form of giving, nearly one in four HNW clients plan to transfer investments, highlighting the use of appreciated assets as part of tax and estate planning to reduce capital gains and estate taxes. Even with tax efficiency in mind, gifting is driven by more than financial optimization. The top motivations cited by HNW clients include general financial support for family (66%), estate and tax planning (34%), and funding for education (30%). Additionally, 21% aim to help with significant life milestones, such as a wedding, home purchase, or starting a business. "Gifting is about more than passing down wealth—it's about passing down purpose," said Hirshman. "Yes, tax and estate strategies are important, but the conversations around gifting often center on values, legacy, and preparing the next generation to be thoughtful stewards of what they receive." About the Midyear 2025 HNW Pulse Survey by Charles Schwab The Schwab HNW Client Pulse Survey explores the outlooks, expectations, investing patterns and points of view of clients at Charles Schwab who have more than $1M in investable assets. The study included 183 HNW clients at Charles Schwab and was fielded from April 1 – 14, 2025. About Charles Schwab At Charles Schwab, we believe in the power of investing to help individuals create a better tomorrow. We have a history of challenging the status quo in our industry, innovating in ways that benefit investors and the advisors and employers who serve them, and championing our clients' goals with passion and integrity. More information is available at Follow us on X, Facebook, YouTube, and LinkedIn. Disclosures The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. All expressions of opinion are subject to changes without notice in reaction to shifting market, economic, and geopolitical conditions. Data herein is obtained from what are considered reliable sources; however, its accuracy, completeness, or reliability cannot be guaranteed. Supporting documentation for any claims or statistical information is available upon request. Investing involves risk, including loss of principal. (0525-ZUE3) View source version on Contacts Hibah ShariffCharles Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
