India's Motilal Oswal Financial Services rises after Sept-qtr results

Motilal Oswal Financial Services

29/10/2021 06:46

** Shares of wealth management firm Motilal Oswal Financial
Services  MOFS.NS  rise as much as 6.64% to 949 rupees, highest
since Aug. 3
    ** Sept-qtr net profit after tax surged 86% to 3.34 billion
rupees ($44.66 million), total revenue from ops soared 55%
    ** Co says each of its seven businesses have headroom for
growth
    ** Stock on track to see its best day in more than eight
weeks
    ** Around 621,650 shares change hands by 0526 GMT, vs 30-day
avg. of 517,091 shares
    ** As of last close, stock up 48.03% this year

    


($1 = 74.7880 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; 910867497919;))