Investec has initiated a ‘Buy’ rating on Motilal Oswal Financial Services, setting a target price of ₹1,200, implying a 25% upside from the current market price (CMP) of ₹957.
The brokerage highlights Motilal Oswal as a levered play on Indian equities, supported by its strong capital market franchise. The firm has significantly strengthened its leadership, brand, and distribution, positioning it well for future growth.
Investec expects the company to deliver an operating PAT CAGR of 31% over FY24-27, driven by robust business fundamentals. However, the brokerage flagged a potential change in equity market sentiment as a key risk to its investment thesis.
Motilal Oswal’s focus on scaling its offerings and market presence makes it a promising investment in the evolving Indian equity landscape.
Disclaimer: The above is for informational purposes only. Please consult a financial advisor before making any investment decisions.