Shares of Motilal Oswal Monetary Companies Ltd. dipped over 10% in commerce after the corporate posted a internet loss within the March quarter.
Motilal Oswal This autumn Highlights (Consolidated, YoY)
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Complete revenue down 44% to Rs 1,208.6 crore versus Rs 2,171.9 crore.
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Internet lack of Rs 64.8 crore versus revenue of Rs 723.1 crore.
The corporate reported losses primarily based on the upper bills that it incurred this quarter. Among the many bills, worker profit bills accounted for the best expense of the lot at Rs 432.50 crore.
Motilal Oswal’s inventory fell as a lot as 10.16% throughout the day to Rs 679.2 apiece on the NSE. It was buying and selling 8.32% decrease at Rs 639.1 apiece, in comparison with an 0.66% decline within the benchmark Nifty as of two:58 p.m.
It has risen 13.57% within the final 12 months and declined 26.7% on a year-to-date foundation. The whole traded quantity thus far within the day stood at 3.6 instances its 30-day common. The relative power index was at 54.09.
Three out of the 5 analysts monitoring the corporate have a ‘purchase’ ranking on the inventory and two suggest a ‘maintain’, based on Bloomberg knowledge. The 12-month analysts’ consensus goal worth on the inventory is Rs 935, implying a upside of 35.2%.
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