Nuvama Wealth rise 14% to 52-wk high

New Delhi: Shares of Nuvama Wealth Management (formerly Edelweiss Securities) zoomed 14 per cent in morning trade on Wednesday, a day after the firm said its net profit has almost doubled in the December quarter. On the BSE, the scrip of the company rallied 13.96 per cent to Rs3,887.65 apiece.

The stock of Nuvama Wealth jumped 13.36 per cent to Rs3,866.35 per piece on the NSE. In intraday trade, shares of the wealth management firm hit its 52-week high of Rs3,898 and Rs3,895 apiece on the NSE and the BSE, respectively.