India's Motilal Oswal Financial falls on Q3 profit slide

Motilal Oswal Financial Services

25/01/2023 05:46

** Shares of broking company Motilal Oswal Financial
Services  MOFS.NS  down as much as 5.84% at 683 rupees 
    ** MOFS sees worst day in more than 4 months 
    ** Co's consol net profit slid to 2.26 bln rupees ($27.69
million) from 2.4 bln rupees a year ago 
    ** Consol total rev from ops increased 4.59% y/y to 10.72
bln rupees 
    ** Co shares fall below 100-day moving average for the first
time since Dec 1, 2022
    ** Stock lost ~25% in 2022
   ($1 = 81.6050 Indian rupees)
 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com; +91 9830427878))