Tag: Motilal Oswal

Total demat accounts increased to 154 million in April: Motilal Oswal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The total number of demat accounts surged to 154 million in April, according to Motilal Oswal Financial Services.

The addition of new accounts remained relatively flat at 3.1 million, consistent with the average monthly addition rate observed throughout the financial year 2024.

The average monthly additions stood at 3.1 million in FY24.

CDSL demonstrated gains both in overall market share and on a month-on-month basis, Motilal Oswal said.

On the other hand, NSDL lost 400bp/470bp market share in total/incremental demat accounts on a year-on-year (YoY) basis.

Shifting the focus to brokerage activities, the National Stock Exchange (NSE) saw a 2.6% month-on-month increase in active clients, reaching a total of 41.8 million in April 2024.

The top five discount brokers now command a 63.9% share of total NSE active clients.

Among key brokerage firms, Zerodha reported a marginal increase in client count but experienced a slight decline in market share.

Meanwhile, Groww, Angel One, and Upstox witnessed growth in both client count and market share.

In the traditional brokerage segment, ICICI Securities and IIFL Securities reported modest increases in client count, albeit with fluctuations in market share, reflecting the dynamic nature of the market.

Turning to derivatives trading, BSE experienced mixed trends, with a minor decline in the total average daily turnover (ADTO) attributed to a slight decrease in F&O (Futures and Options) ADTO, countered by an increase in cash ADTO.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Why is Motilal Oswal’s Raamdeo Agrawal surprised

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Raamdeo Agrawal, the Chairman and Co-Founder of Motilal Oswal Financial Services, is surprised to see the kind of buildup that is happening quarter-on-quarter in the last few quarters.

In an interaction with CNBC-TV18 on Friday, Agrawal said that there’s no seasonality and that every quarter is seeing a quarter-on-quarter growth for the last few quarters.

“I mean, every single business is becoming bigger by the quarter.”

The Motilal Oswal Chairman said that even the current quarter is shaping up well. “Right now, we have uncertainty about elections and global geopolitics. So, my sense is that because the market is expanding, we have already talked about so many times about the retail equity revolution in India, and we are leading right from the front because we cater to almost 98% of the pin codes and things like that.”

Agrawal thinks that the pressure is not only building in retail broking and asset management, but also having a much wider second-order effect in wealth creation in terms of private equity, i-Banking, IPOs, foreign offering, block deals, and everything to do with the capital markets.

He said that the first quarter or the next four quarters should be tracking what has happened in the last four quarters.

Motilal Oswal reported a whopping 334% year-on-year (YoY) jump in its March quarter consolidated net profit at ₹724.6 crore. The same was ₹167 crore in the year-ago period.

Motilal’s revenue from operations rose 108% YoY to ₹2,141.3 crore, compared to ₹1,027.4 crore.

EBITDA or Earnings Before Interest, Tax, Depreciation and Amortisation stood at ₹1,231.5 crore for the quarter from ₹443.7 crore recorded in the corresponding quarter of last year.

The company’s EBITDA margin stood at 57.5%, compared to 43.2% a year ago.

The board of Motilal Oswal also approved bonus shares in a ratio of 3:1.

The record date for the bonus issue of shares is yet to be determined. This is the first-ever issue of bonus shares that the company has considered.

In February 2024, Motilal declared a dividend of ₹14 per share. Over the last five years, the company has paid dividends worth ₹56 per share to its shareholders.

The stock settled 3.78% higher at ₹2,557 apiece on the NSE. Motilal shares have rallied 300% in the last one year.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Motilal Oswal shares rise 7% on multi-fold jump in Q4 profit; declares bonus shares

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of Motilal Oswal Financial Services (MOFSL) climbed 7% to hit their 52-week high of ₹2,639 on the NSE on Friday after the domestic brokerage firm reported a whooping 334% year-on-year (YoY) jump in its March quarter consolidated net profit at ₹724.6 crore. The same was ₹167 crore in the year-ago period.

Motilal’s revenue from operations rose 108% YoY to ₹2,141.3 crore, compared to ₹1,027.4 crore.

EBITDA or Earnings Before Interest, Tax, Depreciation and Amortisation stood at ₹1,231.5 crore for the quarter from ₹443.7 crore recorded in the corresponding quarter of last year.

The company’s EBITDA margin stood at 57.5%, compared to 43.2% a year ago.

The board of Motilal Oswal also approved bonus shares in ratio of 3:1.

Record date for the bonus issue of shares is yet to be determined. This is the first ever issue of bonus shares that the company has considered.

In February 2024, Motilal had declared a dividend of ₹14 per share. Over the last five years, the company has paid dividends worth ₹56 per share to shareholders.

Post the bonus issue of shares, the company’s paid-up equity share capital will comprise of 59.6 crore equity shares of face value of ₹1. Motilal Oswal will capitalise ₹44.7 crore from the Securities Premium Account for implementing the bonus issue of shares.

As of March 31 2024, the company had an aggregate amount of ₹534.9 crore as an aggregate amount of its securities premium account.

At 3 pm, the scrip was trading 5.03% higher at ₹2,587.70 apiece on the NSE. The stock has given multibagger returns of 105% so far this year.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Motilal Oswal shareholders will get three bonus shares for every one held

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Motilal Oswal Financial Services Ltd., the broking firm, has approved issuing three bonus shares for every one share held as of the record date.

Record date for the bonus issue of shares is yet to be determined. This is the first ever issue of bonus shares that the company has considered.

In February this year, the company had declared a dividend of ₹14 per share. Over the last five years, the company has paid dividends worth ₹56 per share to shareholders.

Motilal Oswal reported a net profit of ₹724.6 crore for the March quarter, while revenue also doubled to ₹2,141.3 crore from ₹1,027.4 crore last year. Net profit during the same quarter last year stood at ₹167.3 crore.

Post the bonus issue of shares, the company’s paid-up equity share capital will comprise of 59.6 crore equity shares of face value of ₹1. Motilal Oswal will capitalise ₹44.7 crore from the Securities Premium Account for implementing the bonus issue of shares.

As of March 31, the company had an aggregate amount of ₹534.9 crore as an aggregate amount of its securities premium account.

Shares of Motilal Oswal are trading 5.7% higher at a record high ₹2,064.6. The stock has already doubled so far in 2024. The stock had surged 50% so far this month and 44% in the month of January. It gained 3.2% in March and fell 10% in February.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Bonus Shares: This broking firm will reward shareholders on April 26

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Brokerage firm Motilal Oswal Financial Services Ltd. has informed the exchanges that it will hold a board meet on April 26 to consider an issue of bonus shares.

Along with that proposal, the board will also consider earnings for the March quarter.

This will be the first instance of the company considering an issue of bonus shares to shareholders. In February this year, the company had declared a dividend of ₹14 per share.

Over the last five years, the company has paid dividends worth ₹56 per share to shareholders.

Shares of Motilal Oswal Financial Services are already up 24% so far in the month of April. For 2024 so far, the stock has already surged 66%, having surged 44% in the month of January. It declined 10% in February and gained 3% in the month of March.

The stock had gained 81% in 2023 and declined 25% in 2022. It had also carried out a share buyback in 2022 where it repurchased shares worth ₹160 crore between June and July 2022 via the tender offer route.

Shares of Motilal Oswal Financial Services are trading 3.2% higher at ₹2,150. The stock is up 250% over the last 12 months.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

India now has 151 million demat accounts; CDSL continues to gain market share: Motilal Oswal

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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The total number of demat accounts in the country increased to 151 million as of March 31, 2024, according to a recent note from Motilal Oswal. New client additions stood at 3.1 million in March, which was in-line with the average monthly addition for financial year 2024.

Total number of active clients at the National Stock Exchange (NSE) increased 1.8% in March compared to February. Discount brokers currently account for 63.8% of the total active NSE clients, compared to 59.9% last year.

Active clients in the NSE increased for the ninth straight month to 40.8 million, a growth of 1.8% in March from the previous year.

While CDSL continued to gain market share in terms of total demat accounts, NSDL lost close to 570 basis points in market share in incremental demat accounts.

Discount broker Zerodha reported a 0.9% increase in its client count compared to last month to 7.3 million. However, its market share dipped by 20 basis points to 17.9%. Upstox also reported a 0.6% increase in total client count to 2.5 million but market share fell by 10 basis points to 6.2%.

Groww reported a 3.8% increase compared to last month in its client count, which stood at 9.5 million and its market share also rose 50 basis points to 23.4%.

Traditional brokers like ICICI Securities saw a 1.3% drop in total client count, while IIFL Securities reported a 0.3% increase in total client count.

Average Daily Turnover (ADTO) for March fell by 5% to ₹461 lakh crore, with F&O ADTO declining 5% and Cash ADTO declining 16% from last month.

BSE’s market share in the total cash market improved to 8.5% in March, while its market share in the total options notional segment improved to 17.5% in March.

For MCX, total volumes increased to ₹26.8 lakh crore in March. Average Daily Turnover for Gold doubled compared to last month, while that for Silver fell 32%.

Shares of CDSL are trading 6.1% higher at ₹1,998.35, while those of MCX are trading 2.2% lower at ₹3,819.15.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Motilal Oswal Fin shares snap two-day rally, drop over 3% on Sebi warning

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Shares of Motilal Oswal Financial Services Ltd dropped more than 3% on Wednesday, a day after the capital market regulator SEBI issued an administrative warning to the company asking it to be careful in the future for minor operational-related matters.

In a filing to the stock exchanges on Tuesday, Motilal Oswal Financial Services said that the warning letter was issued on April 8 in connection with the comprehensive inspection carried out of the stock broking activities of the company.

The Securities and Exchange Board of India (SEBI) conducts multiple inspections of our various regulated activities from time to time.

However, the financial services firm said that there is no impact on the financial, operation or other activities of the firm following the letter.

Additionally, the company announced that its board approved a proposal to raise up to ₹1,000 crore through non-convertible debentures (NCDs). This includes a base size aggregating up to ₹500 crore with an option to retain oversubscription up to ₹500 crore.

The company’s board meeting took place on April 9.

The stock opened at ₹2,099.85 apiece on the BSE on Wednesday, a slight increase of 0.2% from the previous close of ₹2,095.95. However, the stock could not maintain the positive momentum and declined as much as 3.52% to an intra-day low of ₹2,022. On Tuesday, the stock ended with an 11% gain.

With this, the company now commands a market capitalisation of over ₹30,900 crore.

Last month, domestic brokerage house Emkay Global initiated a ‘Buy’ rating on Motilal Oswal Financial Services citing its strong potential to capitalize on India’s expanding wealth.

Emkay suggested buying MOFSL shares with a target price of ₹2,000 each, indicating a potential increase of more than 26% from previous closing prices.

At 12.45 pm, shares Motilal Oswal Financial Services were trading 2.32% lower at ₹2,047.25 apiece on the BSE.

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KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Motilal Oswal sees up to 27% upside in these consumer product stocks amid favourable risk-reward scenario

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Domestic brokerage house Motilal Oswal Securities Limited (MOSL) has recommended increasing portfolio weights for consumer products companies as the sector demonstrates a favourable risk-reward balance.

The broking firm is optimistic about the potential for growth and value in the consumer staples sector.

Despite facing challenges in maintaining volume growth over the past two years due to external factors, such as economic conditions and regulatory changes, the sector has shown resilience, MOSL said in its research note.

One notable trend highlighted by MOSL is the declining contribution of staples within the consumer universe, decreasing from 68% in FY10 to 56% in FY23. However, the brokerage expects the volume growth for staples companies to be stabilising, reaching a bottom and showing signs of improvement, particularly from FY25 to FY26.

Consumer staples encompass essential products consumed by individuals, encompassing items such as food, beverages, household essentials, personal hygiene products, as well as alcohol and tobacco.

Based on its analysis for the consumer products segment, MOSL has recommended increasing portfolio weights for staples companies, suggesting that they present promising investment opportunities.

To further help investors, MOSL has provided their top picks within the sector, each accompanied by a ‘Buy’ rating.

MOSL recommends a ‘Buy’ rating on the Hindustan Unilever Limited (HUL) stock, with a target price of ₹2,900. The target price reflects an upside of 27% to Monday’s closing price.

Similarly, MOSL has given a ‘Buy’ rating on Godrej Consumer Products Limited (GCPL), with a target price of ₹1,500, reflecting an upside of 22% from its previous close on Monday.

The brokerage has suggested buying Dabur stock, with a target price of ₹650. The target price for Dabur is on 23% higher side to the previous closing price. Lastly, MOSL recommended a ‘Buy’ rating on Titan Company Ltd with a target price of ₹4,300 apiece, which shows an upside of 14%.

These target prices reflect MOSL’s expectations for the future valuation of these companies’ stocks based on their analysis of industry trends, company performance, and market conditions. These top picks offer attractive investment opportunities.

At 9.38 am HUL shares were trading 0.06% lower at ₹2,285.2 apiece on the BSE while GCPL was trading at ₹1,210.05, down 1.39% from the previous close.

On the other hand, Dabur was trading 0.0% higher at ₹ 529.4 on the BSE and Titan Company rose 0.64% to ₹ 3,762 on the BSE.

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3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

Castrol India joins as official performance partner for second season of KTM Cup

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Leading automotive and industrial lubricant manufacturer Castrol India Ltd. said on Friday that it has collaborated with premium motorcycle brand KTM.

Castrol POWER1 will be the official performance partner for the upcoming second season of the KTM Cup 2024, the company said in a stock exchange filing.

The KTM Cup is India’s largest racing championship, drawing participants from across the country.

This partnership aligns strategically with the brand’s growing emphasis on promoting and enhancing performance motorsports in India.

“As a first, we will be powering the electrifying KTM Cup Season 2. This collaboration epitomizes our dedication to excellence and innovation in performance engine oils. By joining forces, we’re not just sponsoring a race but unleashing the full potential of KTM riders and machines alike,” Rohit Talwar, Vice President and Head of Marketing of Castrol India Limited, said.

The on-ground selections for India’s largest racing championship will take place in four cities, starting with Coimbatore from March 22 to 24, followed by Delhi on April 13 and 14, Mumbai from April 26 to 28, and Kolkata on May 11 and 12, 2024.

The partnership with KTM Cup 2024 will prominently showcase the performance and strength provided by Castrol POWER1 lubricants. Following extensive pan-India selections and the final race, the winners of the KTM Cup 2024 will be given the opportunity to receive training from MotoGP legends and champions at the Red Bull Ring in Spielberg, Austria.

Last month, Motilal Oswal Securities Ltd (MOSL) issued a ‘buy’ rating on Castrol India shares, citing the company’s proactive pursuit of growth avenues via diversification and digital strategies. However, MOSL also noted that Castrol India’s management recognised challenges, particularly the influence of electric vehicles (EVs) on its primary lubricants business, and is actively addressing these concerns.

Shares of Castrol India were trading O.83% higher at ₹192 apiece on the BSE at around 10.30 am.

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3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow

How ace investor Madhu Kela made his first crore from the market

KV Prasad Jun 13, 2022, 06:35 AM IST (Published)

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Veteran investor Madhusudan Kela of MK Ventures said that the stock market is not a means to make income, but a “means to create wealth.” While speaking with CNBC-Awaaz for its show ‘Get Rich’, Kela delved into his past and shared how he went on to make ₹1 crore in the first year itself from the stock market.

He shared that when he entered the market in 1992, he was earning ₹12,000 salary at that time, which was more than that of his batchmates.

“For me, the stock market was a medium to have a better living because if I would have gone somewhere else, I wouldn’t have received that much money… In 1992, when I got into the market, I was earning ₹12,000 at that time too. None of my batchmates had that much salary,” he said.

“So, I got to understand that the stock market is a place where I will get good money, better than working for a manufacturing company or corporate finance. I was fortunate enough to have earned a lot of money in the first year itself,” he added.

He said that later he went on to join Motilal Oswal and was lucky enough to have earned ₹1 crore in the first year itself.

“Then I joined Motilal Oswal as a working partner. In the first year itself, we made ₹3 crore. We were one-third partners in it, so we got ₹1 crore… At that time I was fully convinced and even 0.5% doubt that I had in mind was gone,” he added.

#GetRich | #AwaazPodcast | #MadhusudanKela ने 1993 में कैसे बनाया था ‘1 करोड़ ‘ ?

देखिए Get Rich में Anuj Singhal की खास बातचीत दिग्गज निवेशक Madhusudan Kela के साथ

Watch Full Podcast : https://t.co/zcc5w7zaPY@_anujsinghal @MadhusudanKela pic.twitter.com/a2htA50doM

— CNBC-AWAAZ (@CNBC_Awaaz) March 7, 2024

Noting that people should do a lot of research and in-depth analysis before investing, Kela said that the stock market is “not a means to make income, but a means to create wealth.”

In a career spanning around three decades, Kela has become one of the most eminent and seasoned investors in the Indian stock market industry. During 2021-22, he acquired 83.66% of the paid-up equity share capital of MK Ventures via an open offer.

Elon Musk forms several ‘X Holdings’ companies to fund potential Twitter buyout

3 Mins Read

Thursday’s filing dispelled some doubts, though Musk still has work to do. He and his advisers will spend the coming days vetting potential investors for the equity portion of his offer, according to people familiar with the matter

KV Prasad Journo follow politics, process in Parliament and US Congress. Former Congressional APSA-Fulbright Fellow