Global Market: UBS Q3 profit rises 8% to $2.69 billion, accelerates buyback plan
UBS rate stocks including State Bank of India and Nippon Life India Asset Management.
· Economic Times Markets
ETMutualFunds identifies Axis, SBI, Kotak and Nippon India small-cap funds using parameters such as rolling returns, consistency, downside risk, outperformance and asset size. These schemes offer strong long-term return potential but are suitable mainly for aggressive investors with a high risk appetite.
The analysis
Where the names start from: State Bank of India (SBI) is 22% below its 52-week high, -5.6% over three months; Nippon Life India Asset Management (Nippon India) is 26% below its 52-week high, -19.8% over three months. A rating is set against the price on the day the note is written, so how far a stock has already run is the part of the case the headline upside leaves out.
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
Why it matters
- Buybacks, dividends and splits change what a shareholder actually receives, and often signal how management reads its own value.
Market context
- Brokerage calls from UBS, with ratings on the stocks named. The stocks: State Bank of India (SBI) and Nippon Life India Asset Management (Nippon India).
- On the day, 1 of 2 are higher: State Bank of India (SBI) leads at +1.2% and Nippon Life India Asset Management (Nippon India) trails at -2.2%.
- Over three months: State Bank of India (SBI) -5.6% against Banks -6.5% (0.9 points ahead); Nippon Life India Asset Management (Nippon India) -19.8% against Capital Markets -5.5% (14.3 points behind).
- At least 25% below the 52-week high: Nippon Life India Asset Management (Nippon India) (26%).
| Company | Price | Day | 1M | 3M | From 52-wk high | Volume vs 20-day | Market cap |
|---|---|---|---|---|---|---|---|
| State Bank of India (SBI)SBIN · Banks | ₹956.80 | +1.2% | -0.5% | -5.6% | -22.1% | 1.3× | — |
| Nippon Life India Asset Management (Nippon India)NAM-INDIA · Capital Markets | ₹922.50 | -2.2% | -15.7% | -19.8% | -26.3% | 1.1× | — |
Banks
1M -3.0% · 3M -6.5%
State Bank of India (SBI)
Capital Markets
1M -2.9% · 3M -5.5%
Nippon Life India Asset Management (Nippon India)
Prices as of 28 Oct 2026, 15:46 IST. Sector moves are the average of the stocks we track in each sector.
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