Rs 14/Share Dividend: Stockbroking Co To Consider Bonus Share, Shares Up 126% In 180-Days

Mid cap company from the NBFC sector, Motilal Oswal Financial Services shares soared by huge 8.85% in trade today at the time of writing the story to Rs 2266.30 per share. Earlier, Motilal Oswal Financial Services declared Rs 14/share interim dividend for the financial year 2023-24 on January 24, 2024. Motilal Oswal Financial Services shares offered eye-popping returns of 126% in just last 6-months-span and rallied 269% in last 1-year. Today the company informed about its upcoming meeting of Board of Directors to consider financial results and proposal of bonus share. More details below:

Motilal Oswal Financial Services To Consider Financial Results, Bonus Share: As per the regulatory filing of the company dated April 19, 2024, "the Meeting of the Board of Directors of the Company will be held on Friday, April 26, 2024, inter alia, to consider and approve following matters:

Audited Financial Results (Standalone & Consolidated) of the Company for the quarter & year ended March 31, 2024.

Proposal for declaration of Bonus Shares, if any, subject to approval of the Shareholders of the Company."

Motilal Oswal Financial Services Share Performance & Return: The 52-week high price of Motilal Oswal Financial Services share on BSE is Rs 2267.95 apiece (as on 19/04/2024) and 52-week low price is Rs 583.00 apiece (as on 8/05/2023), respectively. The company has a market capitalisation of Rs 33,690.55 crore. Motilal Oswal Financial Services shares gave return of 51% in last 1-month, 80% year-to-date, soared 152% in last 2-years, and rallied 288% in last 3-years. In last 10-years, Motilal Oswal Financial Services stock surged 2083%.

Motilal Oswal Financial Services Q3: The company today declared its consolidated net profit for the quarter ended December jumped by 191.4% to Rs 659.87 crore as compared to Rs 226.45 crore in the corresponding quarter of last year. Higher revenue and reduced expenses aided in enhancing its profits. It announced revenue from operations at Rs 1784.31 crore, up 65.90% as against Rs 1075.52 crore declared in the same quarter of last year. Motilal Oswal Financial Services said it delivered its highest ever quarterly capital market business profit at Rs 202 crore, up 44% YoY. Motilal Oswal Financial Services' asset & wealth management businesses PAT for the quarter under consideration jumped to Rs 79 crore, up 17% YoY.

About: Motilal Oswal Financial Services Ltd. (MOFSL) was founded in 1987 as a small sub-broking unit, with just 2 people running the show. Today it has emerged as a diversified financial services firm offering a range of financial products and services such as private wealth, retail broking and distribution, institutional broking, asset management, investment banking, private equity, commodity broking, currency broking, and home finance.

Disclaimer:

The stock highlights the dividend, bonus share and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.