12-Jun-2026 19:06:10
MOTILALOFSGeneral news
UBS on Motilal Oswal
Initiate Buy, TP Rs 1150 Transition to AUM-led platform supports nonlinear earnings growth Structural beneficiary of financialisation-led AUM expansion Operating leverage drives non-linear earnings growth Mix shift towards AMC and private wealth underpins potential re-rating For FY26-29E, expect AUM to expand at a 21% CAGR, driving a 19% revenue CAGR Believe market underappreciates MOFSL’s shift to higher quality, recurring wealth and distribution earnings, reducing broking cyclicality and driving a 22% earnings CAGR over FY26-29E
MOTILAL OSWAL FIN LTD