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Buy Motilal Oswal Financial; target of Rs 765: ICICI Direct

ICICI Direct is bullish on Motilal Oswal Financial has recommended buy rating on the stock with a target price of Rs 765 in its research report dated August 07, 2020.

August 10, 2020 / 01:01 PM IST
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ICICI Direct's research report on Motilal Oswal Financial

Motilal Oswal (MOSL) reported a mixed Q1FY21 performance wherein broking revenue was healthy but asset & wealth management saw pressure. The topline stayed flat at Rs 633 crore (excluding MTM impact) while earnings increased 29% YoY to Rs 167 crore, led by MTM gains on investments.


We estimate FY22E PAT at Rs 523 crore. We value MOSL on SOTP basis, implying value of 20.9x FY22E PAT, giving a target price of Rs 765. Maintain BUY.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Aug 10, 2020 01:01 pm

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