Reviews

MOTILAL OSWAL FINANCIAL SERVICES LTD. 

Ticker : 532892 
FV : Rs 1
52-Week H/L: Rs 769.20/493.30

We had previously recommended Motilal Oswal Financial Services in volume 37, no. 29, dated May 10, 2021, when the scrip was trading at Rs 708.10 per share. It was recommended based on the company’s attractive growth along with the addition of new clients. Its quarterly consolidated financials show that the company’s income from interest was up by 9.97 per cent to be at Rs 210.56 crore for Q4FY21 compared to Rs 191.46 crore reported for Q4FY20. The total income for Q4FY21 rose by 86.2 per cent to Rs 1,143.78 crore from Rs 613.96 crore in Q4FY20. The company gained a net profit of Rs 461.38 crore in Q4FY21 as against a net loss of Rs 237.04 crore incurred in Q4FY20. Considering the company’s stellar performance, we recommended to BOOK PROFIT at Rs 767.65 per share as of May 20, 2021, with a gain of 8.40 per cent.