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Diversifying into housing finance did not help much, should investors give this broking firm another chance though?

August 28, 2019 / 11:06 AM IST
Diversifying into housing finance did not help much, should investors give this broking firm another chance though?

Diversification is a great strategy to provide stability to business. However, diversification cannot be a cure for a struggling business nor can it help cement a company’s lead in a thriving business. It may be risky, but diversification is often necessary to remain competitive. Consider how this financial services firm went about it. After three decades as a financial services player focused on the capital markets segment, Motilal Oswal Financial Services (MOFS) entered the housing finance business in FY15 through Motilal...

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