At 02:38 pm; with a marketcap of Rs 62,392 crore MOFSL was quoting 12% higher backed by a combined volume of 14.14 million equity shares on the NSE and BSE.
Outlook for equities remains positive over the medium to long term considering the structurally robust domestic growth outlook, healthy corporate profitability and supportive government policies.
Angel One reported a healthy 44 per cent year-on-year jump in its consolidated profit after tax at Rs 423.4 crore, in the September 2024 quarter.
Among individual stocks, 5Paisa declined 7.65 per cent, followed by IIFL Securities (down 4.76 per cent), Geojit Financial Services (down 3.32 per cent) and MOFSL (down 3.15 per cent).
Thus far in the current calendar year 2024, the stock has zoomed 165 per cent, as compared to 15 per cent rise in the BSE Sensex, data shows.
The outlook for Indian capital market related businesses continues to remain positive over the medium to long term.
Derivatives market update: FIIs reduced longs in index futures marginally on Monday; their index long-short ratio stands at 1:1. Retail traders up long bets.
Spillover of trading activity from these contracts into remaining products, analysts believe, can limit the impact to 20-25%
Shares of the financial services firm, Motilal Oswal shot up by 4.93 per cent at 606.65 per share on the BSE in Friday''s intraday trade
Motilal Oswal Financial Services Ltd (MOFSL) on Thursday posted its highest-ever quarterly profit of Rs 1,021 crore for the April-June quarter of 2024-25, marking a 52 per cent jump from the year-ago period. The company reported a profit after tax (PAT) of Rs 671 crore in the same quarter preceding fiscal. Revenue from operations surged to Rs 2,312.3 crore in the April-June quarter of the current financial year (FY25) against Rs 1,501.5 crore in the corresponding period of the preceding fiscal, according to an exchange filing. The company's wealth management business posted a PAT of Rs 177 crore, a 69 per cent year-on-year increase. Further, net revenue for the segment grew by 42 per cent year-on-year to Rs 530 crore. Similarly, the asset & private wealth management business recorded a PAT of Rs 157 crore, up 30 per cent from the previous year. Also, net revenues for the business were at Rs 385 crore during the quarter under review, up 32 per cent year-on-year. MOFSL is a ...
Market outlook July 02: Trading strategies for stock broking firms in India as the Sebi seeks parity on fees, stricter regulations to options trading.
The MACD - a key momentum oscillator has turned favourable for these 5 Nifty MidCap stocks, with charts indicating a likely upside of up to 15% ahead.