Investec has initiated coverage on Motilal Oswal Financial Services (MOFS) with a ‘Buy’ rating and a target price of ₹1,200/share, citing the company’s strong positioning in India’s equity market. MOFS operates across four key verticals: retail broking, asset management, private wealth, and capital markets, all of which are gaining market share and poised for growth.
The brokerage highlighted MOFS’s efforts to strengthen its leadership, brand equity, and distribution network, making it a significant player in the financial services industry. Investec forecasts the company to deliver an operating PAT CAGR of 31% over FY24-FY27E, driven by robust fundamentals across its business verticals.
With India’s equity markets growing rapidly, MOFS offers a levered play on this growth, backed by operational efficiency and strategic focus. This makes it a compelling pick in the Indian financial services space, according to Investec.
