Motilal Oswal Financial Services Stock split proposal

Motilal Oswal Financial Services jumped 5.71% to Rs 695.05 at 10:18 IST on BSE after the company scheduled a board meet on 21 April 2008 to consider stock split proposal.

Motilal Oswal Financial Services (MOFSL) scrip had scaled a 52-week high of Rs 2270 on 4 January 2008. The scrip had touched a 52-week low of Rs 515 on 24 March 2008.

The company’s current equity is Rs 14.20 crore. Face value per share is Rs 5.

MOFSL reported 268.20% jump in net profit to Rs 4.86 crore on a 255.50% rise in total income to Rs 11.66 crore in Q3 December 2007 over Q3 December 2006.

MOFSL and its subsidiaries offer a diversified range of financial products and services such as retail wealth management including securities and commodities broking, portfolio management services, institutional broking, investment banking services, and venture capital management and advisory.