Page 5 - Motilal Oswal Financial Services

Q2 results: Motilal Oswal Financial Services' PAT up 11% to Rs 509 crore

Motilal Oswal Financial Services Ltd on Friday reported an 11 per cent growth in Profit After Tax (PAT) at Rs 509 crore for three months ended September 2022 driven by robust growth across the segments. This was the highest quarterly profit posted by the company. In comparison, the company had a PAT of Rs 458 crore in the same quarter of the preceding fiscal, it said in a statement. The company's revenues grew by 13 per cent to Rs 1,098 crore in the quarter under review from Rs 971 crore in the July-September period of the financial year 2021-2022. "We have achieved one of the highest quarterly profit of Rs 509 crore, following robust and sustainable performance across the businesses. Our retail broking business which is our cash cow business continued to improve its market share and benefitting from market expansion and industry consolidation," the company's MD and CEO Motilal Oswal said. "Our asset management business has seen strong improvement in performance and is likely to g

New growth opportunities, high debt risk: How analysts interpret RIL's AGM

Analysts said that though the company is set to embark the journey of new growth opportunities in telecom, and new energy areas, it may lead to increase in near-term debt, and weaken the return ratios

Despite 22% jump in 3 months, analysts see more upside in Nifty PSB index

Among individual shares, Bank of Baroda, Canara Bank, State Bank of India, Indian Bank, and Union Bank of India soared between 21 per cent and 34 per cent during the period

SBI Q1 preview: Treasury loss, subdued loan growth may cloud profitability

SBI Q1: Projections on the quantum of decline in net profit vary widely across brokerages as they see a sequential slide anywhere between 7 per cent and 51 per cent

Auto firms to report muted Q1 earnings on high raw material prices

Analysts expect companies to fare better in the September quarter (Q2 FY23) as moderation in prices of raw materials starts having an impact

Rupee falls 10 paise to 79.26/$, tracking rebound in crude oil prices

At the interbank foreign exchange market, the local currency opened weak at 79.20 and touched a high of 79.20 and a low of 79.32

TCS Q1FY23 results today: How the IT giant performed in last four quarters

TCS's demand commentary could be strong even as margin may be hit due to wage hikes, according to Motilal Oswal

ITC gains 1% after Motilal upgrades rating; stock up 23% thus far in 2022

Motilal Oswal Financial Services (MOSL) upgraded rating on the stock to 'Buy' with a price target price of Rs 335 per share.

Rupee closes at new all-time low ahead of Fed's interest rate decision

On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.

Motilal Oswal Financial Services announces buyback of shares for Rs 160 cr

Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore.

Sebi imposes Rs 2.5 million penalty on Motilal Oswal Financial Services

Through such acts, Motilal Oswal Financial Services has violated regulatory norms and accordingly Sebi levied a fine on it.

Centre has room to isolate consumers from 15% hike in crude prices: MOFSl

According to the brokerage house's estimates, the Centre has the financial capacity to take the hit on its own income statement without breaching the fiscal deficit targets

Raamdeo Agrawal on investment opportunities after market correction

Business Standard's Puneet Wadhwa speaks to Raamdeo Agrawal of Motilal Oswal Financial Services, to know his take on geopolitical developments and investment opportunities in a corrected market

2022 will be the year of consolidation for Indian equities: Raamdeo Agrawal

'Whenever the FPI mood alters, we will see both retail and institutional investors become buyers,' says Chairman, Motilal Oswal Financial Services

Food service industry expected to grow by 9% CAGR over FY20-25E: MOFSL

The Indian food service industry (FSI) is expected to grow by nine per cent CAGR over FY20-25E, said Motilal Oswal Financial Services

Devyani International surges 13% on heavy volumes, stock at all-time high

Motilal Oswal Institutional Equities has initiated coverage on Devyani with a Buy rating and target price of Rs 190, driven by KFC's strong brand equity and operating metrics

Investors' wealth tumbles over Rs 4.48 trillion as markets plummet

Investors' wealth tumbled Rs 4.48 lakh crore during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends. The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08. The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day. "Equity markets have plunged almost 2 per cent amid the emergence of a new, highly mutated COVID-19 variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario. "Thus, there is fear of this new variant spreading to other countries which might again derail the global economy," said Hemang Jani, Head of Equity Strategy & Senior Group VP, Broking & Distribution, Motilal Oswal Financial Services. Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest laggards, tanking up to 4.2 per cent. The BSE midcap and smallcap indices were trading up to 2 per cent lower.

Motilal Oswal posts highest-ever quarterly profit of Rs 536 crore

The profit was 81 per cent higher compared to same period of last year. Consolidated revenues grew by 46 per cent to Rs 1,094 crore

'We're at the beginning of a new bull cycle', says Motilal Oswal

'The current market cycle can be compared with (the one from) 2003 to 2008 that laid the foundation for growth', says Oswal

L&T gains 4% as brokerage Motilal Oswal raises target price to Rs 1,950

L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said