India's Motilal Oswal Financial Services rises on Q1 profit jump

Motilal Oswal Financial Services

28/07/2023 09:26

** Shares of India's Motilal Oswal Financial Services
 MOFS.NS  up as much as 8.8% at 889.95 rupees - highest since
May 6
    ** Financial services co's June-qtr profit rose to 5.27 bln
rupees ($64.1 million) from 312.6 mln rupees, rev rose about 2x
    ** About 1.3 mln shares changed hands by 1:43 p.m. IST, 6.6x
30-day avg  
    ** Co sees busiest day since Nov 9, 2021
    ** Including session's gains, stock has risen ~22% YTD

($1 = 82.2808 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))