BUZZ-India's Nuvama Wealth Management hits record high as Investec initiates coverage

Globus Medical Inc Class A
NuVasive, Inc.

Globus Medical Inc Class A

GMED

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NuVasive, Inc.

NUVA

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** Shares of Nuvama Wealth Management NUVA.NS up about 2% to 1,803 rupees apiece--on track for fourth straight session of gains

** NUVA share price touches best day on record

** Investec initiates coverage of wealth management company with a "hold" rating, TP of 1,900 rupees apiece

** Brokerage sees Asset Services to be standout with high-margin, high operating leverage, and capital-light economics

** Co's wealth business provides access to underpenetrated and less competitive UHNI segment--Investec

** Brokerage sees NUVA well-positioned to deliver "sustained double-digit growth"

** RSI at 76, stock remains in overbought cetgory

** YTD, stock up 22.44%


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