India's Motilal Oswal Financial Services rises on strong Q3 results

Motilal Oswal Financial Services

25/01/2024 06:37

** Shares of Motilal Oswal Financial Services  MOFS.NS  up 1.2%
after strong Q3 results, trading at record high levels
    ** MOFS on track for fourth straight month of gains, and
also best month since May 2014 with ~40% gains so far
    ** Co reports Q3 consolidated net profit more than doubled
YoY to 6.60 bln rupees ($79.4 mln); interest income rose 45.1%
    ** More than 672,000 shares changed hands by 12:05 p.m. IST,
1.5x 30-day avg
    ** Stock hit an all-time high of 1,860.60 rupees and posted
a record close of 1,712.32 rupees on Wednesday
    

($1 = 83.1100 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))