Under the proposed donation, Motilal Oswal and Raamdeo Agrawal will offload 73.97 lakh shares each. The combined value of the donation amount through stake sale is about Rs 1,240 crore.
Motilal Oswal Financial Services has posted strong financial results for Q1 2022, with net profit growing nearly 17 times YoY to INR527cr ($70.7m), up from INR31cr ($4.2m) YoY, and consolidated revenue from operations close to doubling to INR1,500cr ($201m). As a result, the board has approved the company s broking and distribution business
Stocks to buy: Stock brokerages have recently come out with research reports on select stocks namely Dabur India, Star Health, Motilal Oswal Finance Services and Carysil. Shares such as Star Health, Motilal Oswal and Carysil have received Buy recommendations, while Dabur India has received Accumulate tag. Analyst targets on these stocks suggest up to 45% potential upside over the next 12 months. Watch these Visual Story to know more.