I've seen some really good price targets in the last few weeks ... but this one beats them all. Citi (on March 12, 2008) placed a price target of Rs. 2,400 on Motilal Oswal Financial Services. This is a 247.50% appreciation over the Mar-12 price of Rs. 690.55
The report compliments MOFS's diversified businesses, it's move up the value chain and low-risk approach to business. This has allowed Citi to place a 25% multiple over the other market players in valuations.
Wednesday, April 2, 2008
What a target !
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Investor update link :
http://www.motilaloswal.com/InvestorRelations/PDF/Motilal%20Oswal%20Financial%20Serv%20Ltd%20-%20Q3%20FY08%20Earnings%20update%20with%20press%20release.pdf
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