Mohindar told CNBC-TV18, "I think first of all the outlook on Motilal Oswal Financial Services is still positive from that medium to long term stance, so on Motilal Oswal I think Rs 220-230 is an achievable target for a year timeframe. We have seen the stock really range bound for quite a while, so in my opinion it's a stock to really hold on to and you could get some interesting gains on it."
He further added, "Religare would not really attract me as much as a Motilal, so I would probably place Motilal a bit higher in the list. But at the same time I would not have a negative outlook on Religare. But given the choice I would probably just like to stick with Motilal."
