Fundamental Analysis

MOTILAL OSWAL FINANCIAL SERVICES LTD.

Ticker : 532892
BUY: Rs.700.20
Target: Rs.775



Motilal Oswal Financial Services Limited is a financial services company focusing on wealth creation for its customers that include institutional, corporate, High Net worth Individual (HNI) and retail investors. On the consolidated financial front, the net sales for the second quarter of FY20 came in at Rs. 348.59 crores, which is an increase of 28.11 per cent as compared to the net sales of Rs. 272.10 crores for the second quarter of FY19. The profit before depreciation, interest, and tax for Q2FY20 is reported to be Rs. 164.88 crores, more than double from Rs. 68.07 crores reported in the same quarter of the previous fiscal. Motilal Oswal Financial Services gained a net profit of Rs. 152.16 crores in Q2FY20 against Rs. 23.37 crores in Q2FY19. Motilal Oswal is a well-established brand among retail and institutional investors in India. Thus, we recommend a BUY.