The promoters of Motilal Oswal — Motilal Oswal and Raamdeo Agrawal — have proposed to donate 5% of their stake each for charitable purposes. The total equity sale comes to about 10% of the company. The endeavor is to spend the entire donation amount in the next 10 years or preferably earlier. “This decision reflects … Read more
Notwithstanding high competition in the Indian banking sector, the largest private lender HDFC Bank remains a frontrunner for top brokerages like Kotak Institutional Equities and Motilal Oswal. The potential upside for the share is 20% and it could earn investors over Rs 320 per share. Motilal Oswal: Buy | Target: Rs 1,950 | Upside: 22% … Read more
In IT sector, our pecking order of preference would be Infosys in the largecap space followed by Wipro. Within the midcap space we like L&T Infotech and MindTree, says Head of Retail Research, MOSL. Looking at the tearaway rally that Reliance is on, it seems like there is still a lot of pent up appetite … Read more