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Motilal Oswal Financial Services board to mull buyback

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Capital Market
Last Updated : Mar 19 2020 | 3:04 PM IST

Motilal Oswal Financial Services on Wednesday (18 March 2020) said that its board will consider share buyback on 21 March 2020.

Motilal Oswal Financial Services' consolidated net profit surged 318.40% to Rs 165.44 crore on a 3.1% rise in total income to Rs 644.27 crore in Q3 December 2019 over Q3 December 2018.

Motilal Oswal Financial Services is a financial services company focused on wealth creation for its customers, such as institutional, corporate, high net worth individual (HNI) and retail. The company's segments include broking & other related activities; fund based activities; asset management & advisory, investment banking and housing finance.

Shares of Motilal Oswal Financial Services were down 2.22% at Rs 552.65. The stock traded in the range of Rs 507.60 to Rs 560.15 so far.

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First Published: Mar 19 2020 | 1:52 PM IST

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