1 day ago
360 ONE WAM Shares Jump After Aashish Agarwal Named CEO
360 ONE WAM appointed Aashish Agarwal as its new Chief Executive Officer.
After the announcement, the company’s shares rose by more than 4% during Wednesday’s trading.
Karan Bhagat will become Vice Chairman but will remain Managing Director.
Yatin Shah will continue leading the company’s wealth-management business.
The company wants its wealth, asset-management and capital-markets businesses to work more closely together.
It says this could help it serve families and institutions with more services in one place.
Motilal Oswal believes the shares could reach ₹1,300 and kept its buy recommendation.
Another securities expert said the shares could move toward ₹1,200–1,250 if buying continues.
360 ONE WAM shares rose as much as 4.43% on the NSE on Wednesday after Aashish Agarwal was appointed group CEO.
The stock opened at ₹1,093.70, compared with Tuesday’s close of ₹1,073.50, and reached ₹1,122 during the session.
Karan Bhagat will become Vice Chairman while continuing as Managing Director, overseeing strategy, capital allocation and key relationships.
The leadership structure aims to integrate 360 ONE’s Wealth Management, Asset Management and Capital Markets businesses.
Motilal Oswal maintained a ‘buy’ rating with a ₹1,300 target, while Kantilal Chhaganlal Securities identified potential near-term movement toward ₹1,200–1,250.
- Who
- 360 ONE WAM, Aashish Agarwal, Karan Bhagat and Yatin Shah.
- What
- 360 ONE WAM appointed Aashish Agarwal as group CEO and announced related leadership changes.
- Where
- The share-price movement occurred on the National Stock Exchange of India.
- When
- Wednesday, 23 September; the article does not specify the year.
- Why
- The company aims to strengthen its three business verticals, integrate its offerings and prepare for expected growth in India.
Key facts
- New CEO
- Aashish Agarwal
- Share-price gain
- Up as much as 4.43% on the NSE
- Opening price
- ₹1,093.70
- Previous close
- ₹1,073.50
- Intraday high
- ₹1,122 on 23 September
- Motilal Oswal target
- ₹1,300 per share with a reiterated ‘buy’ rating
- Near-term range
- ₹1,200–1,250, according to Kantilal Chhaganlal Securities’ Mahesh M Ojha
Quotes
Aashish Agarwal
Newly appointed CEO of the 360 ONE WAM Group
“We forecast FY26-28 revenue/PAT CAGR of 18%/20%. We adopt an SOTP approach, valuing ARR at 36x FY28 PAT and TBR/other income at 20x FY28 PAT to arrive at a fair value of INR1,300. Reiterate BUY”
livemint.com
“I am delighted to be joining 360 ONE.”
livemint.com
Sources
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