On Monday, the rupee had breached the 78/$ mark and hit a record low of 78.28/$ intraday.
Motilal Oswal Financial Services on Tuesday announced buyback of its 14.55 lakh equity shares at a price of Rs 1,100 per unit for an aggregate amount not exceeding Rs 160 crore.
Through such acts, Motilal Oswal Financial Services has violated regulatory norms and accordingly Sebi levied a fine on it.
According to the brokerage house's estimates, the Centre has the financial capacity to take the hit on its own income statement without breaching the fiscal deficit targets
Business Standard's Puneet Wadhwa speaks to Raamdeo Agrawal of Motilal Oswal Financial Services, to know his take on geopolitical developments and investment opportunities in a corrected market
'Whenever the FPI mood alters, we will see both retail and institutional investors become buyers,' says Chairman, Motilal Oswal Financial Services
The Indian food service industry (FSI) is expected to grow by nine per cent CAGR over FY20-25E, said Motilal Oswal Financial Services
Motilal Oswal Institutional Equities has initiated coverage on Devyani with a Buy rating and target price of Rs 190, driven by KFC's strong brand equity and operating metrics
Investors' wealth tumbled Rs 4.48 lakh crore during day trade on Friday with the BSE benchmark plummeting 1,488 points tracking weak global trends. The 30-share benchmark index tumbled 1,488.01 points during the day to 57,307.08. The market capitalization of BSE-listed tanked Rs 4,48,223.31 crore to Rs 2,61,18,730.57 crore during the day. "Equity markets have plunged almost 2 per cent amid the emergence of a new, highly mutated COVID-19 variant. The EU announced a temporary ban of flights from South Africa and few EU countries are already under full lockdown scenario. "Thus, there is fear of this new variant spreading to other countries which might again derail the global economy," said Hemang Jani, Head of Equity Strategy & Senior Group VP, Broking & Distribution, Motilal Oswal Financial Services. Tata Steel, HDFC, IndusInd Bank and Maruti were the biggest laggards, tanking up to 4.2 per cent. The BSE midcap and smallcap indices were trading up to 2 per cent lower.
The profit was 81 per cent higher compared to same period of last year. Consolidated revenues grew by 46 per cent to Rs 1,094 crore
'The current market cycle can be compared with (the one from) 2003 to 2008 that laid the foundation for growth', says Oswal
L&T is top pick in the wider Capital Goods sector as a proxy to play India's capex story, the brokerage firm said
Around two-thirds of overall IPO clients have been onboarded from three states - Gujarat, Rajasthan and Maharashtra
Terming FY21 as an 'exceptional year' Motilal Oswal Financial Services (MOFSL) in a report say government spending grew 2 per cent last fiscal.
Wipro on Thursday said the acquisition will provide it access to 30 new large banking and financial clients and strengthen its position in the BFSI sector
he firm has set the buyback price at Rs 550 per share which is 29 per cent higher than its previous close of Rs 426.15
RAAMDEO AGRAWAL speaks with Vishal Chhabria and Sachin P Mampatta about investing amid uncertainties around the pandemic
Some of the critical customer (bus services) segments, such as tourism, education institutions and offices, and state transport may take time to recover
An analysis done by Motilal Oswal Financial Services (MOFSL) shows, health care and technology are the only two sectors which have seen an upgrade in FY22 earnings