Motilal Oswal Financial Services share price: Buy Motilal Oswal Financial Services, target price Rs 925: Yes Securities

Admin7 July 2021

0 1 minute read

Yes Securities has buy call on with a target price of Rs 925. The current market price of Motilal Oswal Financial Services Ltd. is Rs 874.8.

Time period given by analyst is Intra Day when Motilal Oswal Financial Services Ltd. price can reach defined target.

Motilal Oswal Financial Services Ltd., incorporated in the year 2005, is a Mid Cap company (having a market cap of Rs 12850.54 Crore) operating in NBFC sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 1143.78 Crore, up 20.63 % from last quarter Total Income of Rs 948.17 Crore and up 86.30 % from last year same quarter Total Income of Rs 613.96 Crore. Company reported net profit after tax of Rs 461.38 Crore in latest quarter.

Investment Rationale
The stock has resumed an uptrend after breaking out of a bullish flag pattern on good volumes. Further, a bullish crossover between key short-term moving averages confirms bullishness. RSI has also entered bull territory, suggesting extended upside in the stock.

(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.

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