SEBI allowed mutual funds to launch passively managed ELSS, though with a caveat that mutual funds can have either an actively-managed ELSS scheme or passively-managed one, but not in both categories
This could aid overall profitability, even though other segments may see margin moderation
Brokerage house Motilal Oswal Financial Services on Thursday reported a 35 per cent fall in net income at Rs 300 crore in the three months to March, even though its revenue grew by 21 per cent to Rs 1,100 crore. The company had posted a net income of Rs 461 crore in the year-ago period. For the full year, the company, which also has a home loan arm, reported a 33 per cent uptick in revenue at Rs 4,051 crore and earned a net income of Rs 1,310 crore, which is a growth of 4 per cent. All business continues to demonstrate stellar performance during the quarter and the full year, said managing director & chief executive Motilal Oswal. While capital market business profit grew 68 per cent year-on-year, assets and wealth management profit rose 31 per cent, led by 14 per cent growth in AMC, 116 per cent growth in wealth management, and private equity business net income grew by 46 per cent while housing finance business reported highest-ever profit, he added. Motilal said its cash-cow ..
Volumes to remain under pressure as rural demand continues to be weak
Growth in the quarter has largely come from store additions
Shares of HDFC and HDFC Bank rose as high as 14 per cent and 11 per cent, respectively, during the opening session on Monday.
Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
However, ETF units continue to trade on the BSE and the NSE and investors may buy or sell ETF units on the stock exchanges
Indigo Paints zooms 16% after brokerage firm Motilal Oswal gives Buy rating; SmallCap Responsive Industries zooms 65% in 3 days on FY22 half-yearly turnaround
The estimate is lower than the market consensus of 7.6 per cent, and the RBI's more optimistic 8-8.5 per cent, Motilal Oswal said
Top 100 firms created Rs 71 trillion of wealth in the past five years, according to the study
The strong stock price momentum is now backed by improving fundamentals
Motilal Oswal Financial Services on Thursday reported Rs 536 crore in consolidated net profit for the quarter to September, a full 81 per cent growth year-on-year and the highest ever quarterly profit
'The current market cycle can be compared with (the one from) 2003 to 2008 that laid the foundation for growth', says Oswal
The company reported the strongest sequential revenue growth of 8.9 per cent in constant currency terms during the July-September quarter
Motilal Oswal Financial Services on Monday projected a real gross value added growth of 7 to 8 per cent year-on-year in the second quarter of current fiscal year versus 20.1 per cent growth in 1Q FY22
The divergent trend surprised many, with the issue reaching Parliament
About 18 to 20 per cent of the fund will be contributed by Motial Oswal
Zomato IPO is set to be a watershed moment in the Indian internet space, Jefferies said in a note
Covid-19 led lockdown has helped e-grocers