Motilal Oswal shoots up on mutual fund foray
DALAL STREET SPIKES
The shares of brokerage firm Motilal Oswal Financial Services on Friday galloped 3.87 per cent to close at Rs 115.30. The company said that it received an in-principle approval from the Securities Exchange Board of India to start a mutual fund business in the country.
The announcement was made during trading hours on August 29, 2008. The stock touched a high of Rs 117.70 and a low of Rs 115.30 during the day. A total of 78,000 shares of the company were traded on the BSE counter on Friday.