Sharekhan

Nuvama Wealth Management Ltd

Fri 21/11/2025,15:59:1 | NSE : NUVAMA

₹ 7249.50-86.50 (-1.18%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 7344.00

Previous Close

₹ 7336.00

Volume

71831

Mkt Cap ( Rs. Cr)

₹26270.96

High

₹ 7360.00

Low

₹ 7225.50

52 Week High

₹ 8508.50

52 Week Low

₹ 4735.45

Book Value Per Share

₹ 871.41

Dividend Yield

1.99

Face Value

₹ 10.00

What’s Your Call?

Collective community sentiment on Nuvama Wealth Management Ltd

Your Vote -

Buy

33.33%

Hold

0.00%

Sell

66.67%

33.33%

3 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

0%

Sell Order Quantity

100%

Bid Price

Qty

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Bid Total

0

Bid Price

Qty

7249.50

66

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Bid Total

66

Option Chain

Analyzes market sentiment, predicts Nuvama Wealth Management Ltd' movement.

Call Price Open interest Strike Price Put Price Open interest

News

Media spotlight triggers stock stock attention, sentiment.

  • Nuvama Wealth Manage - General Updates

    21 Nov 2025, 4:28PM Nuvama Wealth Management Limited has informed the Exchange about General Updates
  • Nuvama Wealth Manage - Incorporation Of A Wholly Owned Subsidiary

    21 Nov 2025, 4:26PM PFA intimation w.r.t Incorporation of wholly owned subsidiary
  • Nuvama Wealth Manage - General Updates

    18 Nov 2025, 5:49PM Nuvama Wealth Management Limited has informed the Exchange about Investor Presentation (in US Dollars) on the Unaudited Consolidated Financial Results
  • Nuvama Wealth Manage - Investor Presentation (In US Dollars) On The Unaudited Consolidated Financial Results For The Quarter

    18 Nov 2025, 5:45PM PFA intimation
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association

    4 Nov 2025, 9:42PM PFA intimation for Amendment to MOA
  • Nuvama Wealth Manage - ESOP/ESOS/ESPS

    13 Nov 2025, 11:17AM Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 119486 Shares.
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    13 Nov 2025, 11:15AM PFA intimation for ESOP/ESAR allotment
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Nov 2025, 1:10PM Nuvama Wealth Management Limited has informed the Exchange about Transcript
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    12 Nov 2025, 1:07PM PFA intimation for Earnings call Transcript
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Nov 2025, 12:49PM Nuvama Wealth Management Limited has informed the Exchange about Schedule of meet
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Nov 2025, 12:41PM Nuvama Wealth Management Limited has informed the Exchange about Schedule of meet
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    11 Nov 2025, 12:39PM Nuvama Wealth Management Limited has informed the Exchange about Schedule of meet
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Nov 2025, 12:35PM PFA Investor meet intimation
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Nov 2025, 12:32PM PFA Investor meet intimation
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    11 Nov 2025, 12:27PM PFA Investor meet intimation
  • Nuvama Wealth Manage - General Updates

    7 Nov 2025, 7:16PM Nuvama Wealth Management Limited has informed the Exchange about General Updates
  • Nuvama Wealth Manage - Intimation Under Regulation 30 Read With Para A Of Part A Of Schedule III Of The SEBI (Listing Obligat

    7 Nov 2025, 7:10PM PFA intimation for Regulation 30 of SEBI (LODR) Regulations, 2015
  • Nuvama Wealth Manage - Copy of Newspaper Publication

    7 Nov 2025, 2:28PM Nuvama Wealth Management Limited has informed the Exchange about Copy of Newspaper Publication
  • Nuvama Wealth Manage - Shareholders meeting

    6 Nov 2025, 7:39PM Nuvama Wealth Management Limited has informed the Exchange regarding Notice of Postal Ballot
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Notice of Postal Ballot

    6 Nov 2025, 7:35PM PFA intimation wrt postal ballot notice
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome

    5 Nov 2025, 7:02PM PFA audio recording of earnings call
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    5 Nov 2025, 6:59PM Nuvama Wealth Management Limited has informed the Exchange about Link of Recording
  • Nuvama Wealth Manage - General Updates

    5 Nov 2025, 6:56PM Nuvama Wealth Management Limited has informed the Exchange about Communication to the Equity Shareholders of the Company for TaxDeduction at Source (T
  • Nuvama Wealth Manage - Communication To The Equity Shareholders Of The Company For Tax Deduction At Source (TDS)/Withholding

    5 Nov 2025, 6:53PM PFA intimation
  • Nuvama Wealth Manage has declared 700% Interim dividend for the financial year March 2026

    5 Nov 2025, 9:51AM Nuvama Wealth Management Ltd. on Tuesday, 04 November 2025, has announced Interim dividend of 700 percent on Equity Share, to its shareholders holding
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Investor Presentation

    4 Nov 2025, 9:37PM PFA intimation for Investor Presentation
  • Nuvama Wealth Manage - Amendment to AOA/MOA

    4 Nov 2025, 9:35PM Nuvama Wealth Management Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.
  • Nuvama Wealth Manage - Outcome Of The Board Meeting Held On November 4, 2025

    4 Nov 2025, 9:31PM PFA intimation w.r.t Investment in Wholly Owned Subsidiary
  • Nuvama Wealth Manage - General Updates

    4 Nov 2025, 9:29PM Nuvama Wealth Management Limited has informed the Exchange about Earnings Release & Investor Presentation on the Unaudited Consolidated Financial Resu
  • Nuvama Wealth Manage - Corporate Action-Intimation of Sub division / Stock Split

    4 Nov 2025, 9:26PM PFA intimation for Sub division/Stock Split
  • Nuvama Wealth Manage - Record Date Intimation

    4 Nov 2025, 9:21PM PFA intimation for Dividend Record date
  • Nuvama Wealth Manage - General Updates

    4 Nov 2025, 9:11PM Nuvama Wealth Management Limited has informed the Exchange about Approval for investment in Wholly owned subsidiary
  • Nuvama Wealth Manage - Corporate Action-Board approves Dividend

    4 Nov 2025, 9:11PM PFA intimation for Dividend
  • Nuvama Wealth Manage - Record Date

    4 Nov 2025, 9:05PM Nuvama Wealth Management Limited has informed the Exchange that Record date for the purpose of Dividend is 11-Nov-2025.
  • Nuvama Wealth Manage - Stock split

    4 Nov 2025, 9:01PM Nuvama Wealth Management Limited has informed the Exchange that the Board of Directors at its meeting held on November 04, 2025, has considered and ap
  • Nuvama Wealth Manage - Outcome Of The Board Meeting Held On November 4, 2025

    4 Nov 2025, 9:01PM PFA intimation for Results
  • Nuvama Wealth Manage Q2 net profit down 85.37% at Rs 46.35 cr

    4 Nov 2025, 9:00PM The company reported standalone net profit of Rs 46.35 crore for the quarter ended September 30, 2025 as compared to Rs 316.84 crore in the same perio
  • Nuvama Wealth Manage - Dividend

    4 Nov 2025, 8:56PM Nuvama Wealth Management Limited has informed the Exchange that Board of Directors at its meeting held on November 04, 2025, declared Interim Dividend
  • Nuvama Wealth Manage - Outcome of Board Meeting

    4 Nov 2025, 8:49PM Nuvama Wealth Management Limited has submitted to the Exchange, the financial results for the period ended September 30, 2025.
  • Nuvama Wealth Manage - Board Meeting Outcome for Outcome Of The Board Meeting Held On November 4, 2025

    4 Nov 2025, 8:49PM PFA intimation for Outcome of Board Meeting
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    3 Nov 2025, 8:09PM Nuvama Wealth Management Limited has informed the Exchange about Schedule of meet
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    3 Nov 2025, 8:08PM PFA intimation for Analyst/Investor Meet
  • Nuvama Wealth Manage - ESOP/ESOS/ESPS

    30 Oct 2025, 5:33PM Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 54565 Shares.
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    30 Oct 2025, 5:29PM PFA intimation wrt ESOP/ESAR allotment
  • Nuvama Wealth Manage - Board Meeting Intimation for Intimation Of Board Meeting And Earnings Conference Call For The Quarter

    29 Oct 2025, 8:16PM Nuvama Wealth Management Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 04/11/2025 ,inter alia, to cons
  • Nuvama Wealth Manage has submitted to BSE the Shareholding Pattern for the Period Ended September 30, 2025

    17 Oct 2025, 4:30PM As of September 2025, 54.65% is owned by Promoters and 45.35% by Public. <p align=justify> Among Promoters holding, Indian Promoters holds 0.87% and F
  • Nuvama Wealth Manage - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    9 Oct 2025, 11:50AM Nuvama Wealth Management Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Nuvama Wealth Manage - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    9 Oct 2025, 11:45AM PFA intimation under Regulation 74(5) of SEBI (DP) Regulation, 2018
  • Nuvama Wealth Manage - Board Meeting Outcome for Outcome Of The Board And Nomination And Remuneration Committee Meetings Held

    1 Oct 2025, 8:13PM PFA intimation w.r.t Outcome of the Board and Nomination and Remuneration Committee Meetings held on October 1, 2025
  • Nuvama Wealth Manage - Outcome of Board Meeting

    1 Oct 2025, 8:08PM Nuvama Wealth Management Limited has informed the Exchange regarding Board meeting held on October 01, 2025.
  • Nuvama Wealth Manage - Nuvama Wealth Management Limited Receives Approval From SEBI To Act As Sponsor Of The Proposed Mutual

    1 Oct 2025, 7:50PM Please find attached intimation in this regard.
  • Nuvama Wealth Manage - Updates

    1 Oct 2025, 7:49PM Nuvama Wealth Management Limited has informed the Exchange regarding 'Nuvama Wealth Management Limited receives approval from SEBI to act as sponsor o
  • Nuvama Wealth Manage - Trading Window

    26 Sep 2025, 5:46PM Nuvama Wealth Management Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regu
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    24 Sep 2025, 8:49PM PFA Exchange Intimation for Voting results and Scrutinizer report of 32nd Annual General Meeting
  • Nuvama Wealth Manage - Shareholders meeting

    24 Sep 2025, 8:48PM Nuvama Wealth Management Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2025
  • Nuvama Wealth Manage - Credit Rating

    24 Sep 2025, 5:08PM Nuvama Wealth Management Limited has informed the Exchange about Credit Rating
  • Nuvama Wealth Manage - Shareholders meeting

    24 Sep 2025, 3:14PM Nuvama Wealth Management Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on September 24, 2025
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    24 Sep 2025, 8:49PM PFA Exchange Intimation for Voting results and Scrutinizer report of 32nd Annual General Meeting
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    24 Sep 2025, 8:49PM PFA Exchange Intimation for Voting results and Scrutinizer report of 32nd Annual General Meeting
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Credit Rating

    24 Sep 2025, 5:04PM PFA intimation with regards to credit rating
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Outcome of AGM

    24 Sep 2025, 3:09PM PFA Exchange Intimation of outcome of 32nd Annual General Meeting.
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    24 Sep 2025, 8:49PM PFA Exchange Intimation for Voting results and Scrutinizer report of 32nd Annual General Meeting
  • Nuvama Wealth Manage - Shareholder Meeting / Postal Ballot-Scrutinizer's Report

    24 Sep 2025, 8:49PM PFA Exchange Intimation for Voting results and Scrutinizer report of 32nd Annual General Meeting
  • Nuvama Wealth Manage - Allotment of Securities

    19 Sep 2025, 7:05PM Nuvama Wealth Management Limited has informed the Exchange regarding allotment of 8571 securities pursuant to ESOP/ESPS at its meeting held on Septemb
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    19 Sep 2025, 6:53PM PFA intimation wrt ESOP Allotment
  • Nuvama Wealth Manage - Analysts/Institutional Investor Meet/Con. Call Updates

    12 Sep 2025, 6:14PM Nuvama Wealth Management Limited has informed the Exchange about Schedule of meet
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    12 Sep 2025, 6:10PM PFA intimation for Investor Meet
  • Nuvama Wealth Manage - ESOP/ESOS/ESPS

    9 Sep 2025, 9:47PM Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 12066 Shares.
  • Nuvama Wealth Manage - ESOP/ESOS/ESPS

    9 Sep 2025, 9:39PM Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 12066 Shares.
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    9 Sep 2025, 9:35PM PFA Intimation for ESOP allotment
  • Nuvama Wealth Manage - ESOP/ESOS/ESPS

    2 Sep 2025, 6:09PM Nuvama Wealth Management Limited has informed the Exchange regarding Allotment of 12251 Shares.
  • Nuvama Wealth Manage - Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

    2 Sep 2025, 6:06PM Please find attached intimation w.r.t ESOP allotment
  • Nuvama Wealth Manage - Copy of Newspaper Publication

    29 Aug 2025, 2:48PM Nuvama Wealth Management Limited has informed the Exchange about Copy of Newspaper Publication
  • Nuvama Wealth Manage - Updates

    28 Aug 2025, 9:34PM Nuvama Wealth Management Limited has informed the Exchange regarding 'Intimation under Regulation 30 of the SEBI (Listing Obligations andDisclosure Re
  • Nuvama Wealth Manage - Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulatio

    28 Aug 2025, 9:30PM PFA intimation wrt Letter to Shareholders
  • Nuvama Wealth Manage - Business Responsibility and Sustainability Reporting (BRSR)

    28 Aug 2025, 9:16PM PFA Business Responsibility and Sustainability Reporting for FY 2024-25
  • Nuvama Wealth Manage - Shareholders meeting

    28 Aug 2025, 9:02PM Nuvama Wealth Management Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 24, 2025
  • Nuvama Wealth Manage - Annual Report For The F.Y. 2024-25 And Notice Of The 32Nd Annual General Meeting Of The Company

    28 Aug 2025, 8:45PM PFA Intimation w.r.t to Shareholders Meeting
  • Nuvama Wealth Manage - Reg. 34 (1) Annual Report.

    28 Aug 2025, 8:41PM PFA Intimation w.r.t Annual Report and Notice of 32nd AGM
  • Nuvama Wealth Manage - Copy of Newspaper Publication

    26 Aug 2025, 6:58PM Nuvama Wealth Management Limited has informed the Exchange about Copy of Newspaper Publication
  • BSE/Nuvama Wealth

    22 Jul 2025 , 10:30AM BSE/Nuvama Wealth: Jane Street is no longer barred from placing orders or trading in Indian securities market as per SEBI recent order. Exchanges, clearing corporations, depositories, and banks are no longer required to restrict Jane Street, however Jane Street must not engage in any manipulative or fraudulent trading patterns. SEBI investigation and final proceedings are still underway. Positive for Capital market stocks like BSE, Nuvama Wealth etc.
  • Nuvama Wealth Management

    12 Dec 2024 , 11:11AM Edel Finance Company and Ecap Equities are likely to sell a 7.1% stake in Nuvama Wealth via block deals, source media reports. The floor price is expected to be Rs 6,800 per share, and the deal is likely to be valued at Rs 1,734 crore. Positive
  • Nuvama Wealth Management Ltd

    27 Sep 2024 , 1:18PM Edel Finance Company and Ecap Equities are likely to sell a 6.4% equity stake in Nuvama Wealth Management via block deals, according to media reports. The floor price for the deal may be set at Rs 6,455 per share, with a block size of Rs 1,464.8 crore at the floor price. As of June 2024, Ecap Equities held an 8.44% stake, and Edel Finance held a 5.18% stake in the Company.

Key fundamentals

Evaluate the intrinsic value of Nuvama Wealth Management Ltd stock 

Name March-25 March-24 March-23 March-22 March-21
Assets 2691.936 2326.762 1942.063 1591.823 1432.107
Liabilities 2691.936 2326.762 1942.063 1591.823 1432.107
Equity 35.974 35.309 35.056 17.171 34.727
Gross Profit 782.675 249.856 40.06 59.044 330.201
Net Profit 597.707 98.092 6.298 187.941 63.496
Cash From Operating Activities 57.208 -172.314 -270.497 177.245 301.34
NPM(%) 44.13 14.99 1.79 52.11 11.3
Revenue 1354.372 654.083 350.469 360.593 561.582
Expenses 571.697 404.227 310.409 301.549 231.381
ROE(%) 18.92 3.1 0.19 5.95 2.01

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
11 Nov 2025 70 700 1.99 7148
03 Jun 2025 69 690 1.99 6923.5
07 Aug 2024 81.5 815 1.99 5703.25

Peers

Other companies within the same industry or sector that are comparable to Nuvama Wealth Management Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
IBL Finance Ltd 69.70 -0.36 77.44 17932.85 9.52 0.00
360 One Wam Ltd 1139.70 -0.21 40.98 285046.65 2507.10 0.00
Abans Financial Services Ltd 203.22 -3.51 8.41 36673.92 1006.05 0.00
Finkurve Financial Services Ltd 106.53 -1.56 72.47 92024.89 124.29 0.00

Company Info

Nuvama Wealth and Investment Limited (Formerly Edelweiss Broking Limited) is a technology driven securities company in India that offers a wide range of financial services including broking services, depository services, distribution of financial products, short term funding for employee stock option schemes and margin trading facility. We are one of the leading Stock broker and distributor in India. We offer our broking services through our proprietary state of the art Website, Mobile Application, Terminal and API based trading platforms. Our Company has over 0.3 million of active client base and ? 1.5 trillion of client assets spread across wide number of active broking accounts as of March 31, 2022.Our broking and allied services are offered through (i) our online and digital platforms, and (ii) our network of over 23,000 partners, as of March 31, 2022. We have had more than 2.2 million downloads of our mobile application, "Nuvama Markets" (Formerly Edelweiss Mobile Trader) as of March 31, 2022, which enables our clients to avail our services digitally. Digital marketing has enabled our Company to garner over 170 million digital impressions in Fiscal 2022 on its various online and digital platforms. Our customer outreach, spans across over 14,000 pin codes in India as of March 31, 2022. As part of our financial product distribution business, we serve a wide spectrum of clients by facilitating investments in financial instruments and a mix of wealth solutions.We provide a wide range of financial services to our clients including and in relation to:1. Securities Broking Services2. Distribution of financial products3. Margin trade financing facility 2023 -Nuvama Wealth expanded its footprints in Mysore, Nagpur, and Bhillai with a new branch.

Nuvama Wealth and Investment Limited (Formerly Edelweiss Broking Limited) is a technology driven securities company in India that offers a wide range of financial services including broking services, depository services, distribution of financial products, short term funding for employee stock option schemes and margin trading facility. We are one of the leading Stock broker and distributor in India. We offer our broking services through our proprietary state of the art Website, Mobile Application, Terminal and API based trading platforms. Our Company has over 0.3 million of active client base and ? 1.5 trillion of client assets spread across wide number of active broking accounts as of March 31, 2022.Our broking and allied services are offered through (i) our online and digital platforms, and (ii) our network of over 23,000 partners, as of March 31, 2022. We have had more than 2.2 million downloads of our mobile application, "Nuvama Markets" (Formerly Edelweiss Mobile Trader) as of March 31, 2022, which enables our clients to avail our services digitally. Digital marketing has enabled our Company to garner over 170 million digital impressions in Fiscal 2022 on its various online and digital platforms. Our customer outreach, spans across over 14,000 pin codes in India as of March 31, 2022. As part of our financial product distribution business, we serve a wide spectrum of clients by facilitating investments in financial instruments and a mix of wealth solutions.We provide a wide range of financial services to our clients including and in relation to:1. Securities Broking Services2. Distribution of financial products3. Margin trade financing facility 2023 -Nuvama Wealth expanded its footprints in Mysore, Nagpur, and Bhillai with a new branch.

Read More

Parent Organisation

Nuvama Wealth Management Ltd.

Founded

20/08/1993

Managing Director

Mr.Ashish Kehair

NSE Symbol

NUVAMAEQ

FAQ

The current price of Nuvama Wealth Management Ltd is ₹ 7249.50.

The 52-week high for Nuvama Wealth Management Ltd is ₹ 7360.00 and the 52-week low is ₹ 7225.50.

The market capitalization of Nuvama Wealth Management Ltd is currently ₹ 26270.96. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Nuvama Wealth Management Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.

To invest in Nuvama Wealth Management Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Nuvama Wealth Management Ltd shares.

The CEO of Nuvama Wealth Management Ltd is Mr.Ashish Kehair, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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