Buy Motilal Oswal With A Stop‐Loss Of Rs 161: Nirmal Bang

In its latest research report, Nirmal Bang, an equity research firm said that Motilal Oswal Financial Services can give good returns in the short term.

According to Nirmal Bang Research, interested traders can buy the stock with a strict stop loss of Rs 161.

The report also stated that, if the counter is successful to breach 195, then it will hit a target of Rs 220.

Today (Sep 29), the shares of the company opened at Rs 179.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 189.70 and a low of Rs 43.60 on BSE. Current EPS and P/E of the stock stood at 2.49 & 71.02 respectively.

MOFSL is a diversified financial services firm providing a variety of financial products as well as services that includes Broking and Distribution, Institutional Equities, Wealth Management, Investment Banking, Private Equity and Asset Management.

The Company’s divisions comprise Motilal Oswal Securities Ltd (MOSL) that is involved in wealth management, stock broking and distribution of financial products; Motilal Oswal Capital Markets, which is involved in stock broking; Motilal Oswal Commodities Broker is engaged in commodities broking; Motilal Oswal Private Equity Advisors, which is involved in private equity administration and counseling, Motilal Oswal Investment Advisors, which is involved in investment banking, and Antop Trader is involved in lease rental.

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