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Policy▲ Bullish for Motilal Oswal Financial Services
Motilal Oswal receives SEBI approval to launch custody services
The brief
- The group can offer securities safekeeping, trade settlement and corporate-action processing
- Its wholly owned subsidiary MOCSPL received approval; operations are expected to start in Q4
- Custody services expand Motilal Oswal Financial Services’ institutional business opportunities
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| MOTILALOFS | Thu, 24 Sept | −2.0% | −0.3% | 1.0× | −1.3% · Nifty −1.3% |
○ Classifier read this as positive; MOTILALOFS barely moved against the Nifty on the day it traded.
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