The decline comes despite a positive regulatory development. On Monday, July 7, the company announced that its wholly owned subsidiary, 360 ONE Portfolio Managers Ltd, has received approval from the Securities and Exchange Board of India (SEBI) to acquire the portfolio management services (PMS) business of Credit Suisse Securities (India) Pvt Ltd.
The acquisition, first disclosed on April 22, 2025, involves a slump sale of Credit Suisse’s discretionary and non-discretionary PMS business. The deal will proceed to the next stage following the receipt of remaining regulatory approvals and no-objection clearances.
Shares of 360 One WAM fell 5.32% to close at Rs 1,183. The sharp decline brings the stock closer to a technical correction zone. The stock is currently trading below its 52-week high of Rs 1,317.25, though still well above its 52-week low of Rs 766.05.
According to Trendlyne, 10 analysts covering the stock maintain a “Buy” recommendation, reflecting confidence in its long-term growth potential. Revenue for FY26 is projected to grow by 17.2%, signaling strong business momentum. Earnings per share (EPS) are expected to rise by 15.8%, indicating improved profitability outlook.
However, from a technical analysis standpoint, caution may be warranted in the short term. The Relative Strength Index (RSI) for the stock currently stands at 71.7. An RSI above 70 typically indicates that a stock is overbought, which can precede a short-term pullback or consolidation as investors book profits.
