if you see in US the wealth management companies like Blackrock vanguard etc, the bigger gets bigger… Now compare it with India hardly 4-5 major players for such a huge market. say from 4 trillion India gets to 6 Trillion in next 2-3 year and with the market share Nuvama Commands now its AUM can grow from 3.3 lakh crore to 6.6 lakh crore(Conservatively), then revenue will easily be around 6k Cr, valuation would be at 15k/share.
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