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Motilal Oswal a market performer: Prabhudas Lilladher
Prabhudas Lilladher has maintained its market performer rating on Motilal Oswal Financial Services with a target price of Rs 730. At 2.0x FY09E and 1.7x FY10E book value, MOFSL is clearly a value pick for the long-term investor.
Prabhudas Lilladher has maintained its market performer rating on Motilal Oswal Financial Services with a target price of Rs 730 in its June 30, 2008 research report. "At 2.0x FY09E and 1.7x FY10E book value, MOFSL is clearly a value pick for the long-term investor. But despite the management's best efforts, FY09 is likely to be a tough year for the company given the market environment."
"We maintain Market Performer rating on the stock for now, but would be definite buyers in a more stable market environment. Target of Rs 730," says Lilladher's research report
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