Motilal Oswal stock was listed at Rs 970 a 17% premium to its offer price. At the current price of Rs 970, PE works to 37.30, based on the consolidated year ended March 2007 EPS of Rs 26. All the Financial Firms / Stock Broking stocks listed on the BSE had a steep jump yesterday. Book Partial profits now. Operators in this counter are strong and they will take the stock to higher orbit.
Motilal Oswal Financial Services (MOFSL) is the Motilal Oswal group’s holding company with stake in four group companies: Motilal Oswal Securities (MOSL – the stock broking arm), Motilal Oswal Commodities Brokers (MOCB – the commodity business arm), Motilal Oswal Venture Capital Advisors (MOVC – the venture capital advisory arm) and the Motilal Oswal Investment Advisors (MOIAPL – the investment banking arm).