Motilal Oswal hit the 20% upper limit at Rs 117, and finally ended with a significant gain of over 18% to Rs 115. The counter witnessed trades of 169,741 shares on the BSE .
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Updated at 1156 Hrs
Motilal Oswal Financial Services has surged despite weak Q4 numbers.
The stock opened down 2% at Rs 96 and slipped to low of Rs 95. However, it soon rebounded and touched a high of Rs 105, up 10.5% from the day's low.
The stock is now trading up 2.5% at Rs 100. The counter has clocked a volume of 27,074 shares so far on the BSE.
The net profit of the company tumbled 64% to Rs 15.82 crore in Q4FY09. The income slumped 53% to Rs 84.02 crore.
