Motilal Oswal Financial Services: The promoters of Motilal Oswal Financial Services, Motilal Oswal and Ramdev Agrawal have done something which can impact the price value of Oswal Financial Services after Diwali positively.
Why “Motilal Oswal Financial Services” Made a Buzz in Market Today?
On the occasion of Diwali, the promoters of Motilal Oswal Financial Services, Motilal Oswal and Ramdeo Agarawal have donated 5% equity shares capital each, aggregating 10% total paid up share capital of Motilal Oswal Financial Services towards the Charity.
It is further informed that combined donated equity of total 424000, that is, 0.071% of total paid up equity share capital of Company is done to Motilal Oswal Foundation.
How “Motilal Oswal Financial Services” Reacted to Their Promoters Decision?
The Motilal Oswal Financial Services said in a statement that the decision reflects their promoters dedication to create a positive impact in society and to follow a social responsibility and endeavour to give back to the community.
The entire nation amount would be spent in next 10 years or earlier.
Why “Motilal Oswal Financial Services” Charity Drive is helpful For You?
The Motilal Oswal financial services have conducted the same charity drive 1 year ago as well on the occasion of Diwali itself.
Following the donation drive, hello prices of Oswal financial Services went up buy almost 50 in a single week
Therefore investors and traders can expect the same this time also and consider Motilal Oswal financial services stocks in watch list for sometime.
With around 52 week high is around 1064 and incorporating the past fact of pride shoot up in the Motilal Oswal Financial Services Ltd post Diwali last year, it is surely a keep watch stock for the traders and investors especially in short run and intraday.
However days are not a guaranteed formula for profit as there are multiple indicators such as ROE, ROCE, debt ratio, profit, revenue, net sales the financial service sector altogether, global instability which can turn the expectation of bull run from investors into a disappointing one.
Disclaimer: Demat Dive is not giving any buying advice on any stock. Consult a SEBI registered advisor before investing anywhere.
Motilal Oswal Financial Services
Diwali stock
