Meanwhile, the Promoter and Director of the company, Raamdeo Agarawal, also purchased 20,000 equity shares from the open market. The acquisition takes its total holding to 39,920,601 equity shares which account for a 26.98% stake, the BSE data showed. Before the acquisition, Agarawal’s holdings were to the tune of Rs 39,900,601 equity shares or 26.97%. The value of the purchased share stood at Rs 11,172,462.
At 1:50 pm, shares of Motilal Oswal were trading at Rs 554.10 on the BSE, down Rs 5.05 or 0.90% from the Friday closing price. The market cap of Motilal Oswal stood at Rs 8,197.75 crore.
The counter hit its 52-week low of Rs 552.05 on BSE today and is trading at a 73% discount from the 52-week high of Rs 960, hit on 29 April 2022.
Motilal Oswal is a financial services company offering financial services across retail and institutional broking, private wealth management, investment banking, private equity, asset management, and Home Finance. The company is based out of Mumbai.
Frontline indices S&P BSE Sensex and Nifty 50 were trading in the green on Monday. While the former was up 335.01 points or 0.58% at 57,862.11, the latter was trading at 17,046.45, higher by 101.40 points or 0.6%.
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