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Motilal Oswal shares jump 5% after UBS initiates coverage with 'Buy', sets Rs 1,150 target

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Motilal Oswal shares jump 5% after UBS initiates coverage with 'Buy', sets Rs 1,150 target

Business

Economic Times•Today at 04:50

Motilal Oswal shares jump 5% after UBS initiates coverage with 'Buy', sets Rs 1,150 target

Shares of Motilal Oswal Financial Services surged over 5% in Friday's trade, rising to Rs 873 on the NSE after global brokerage UBS initiated coverage on the stock with a 'Buy' rating. The brokerage assigned a sum-of-the-parts (SOTP)-based target price of Rs 1,150, implying an upside potential of nearly 32% from the current market price.