# Motilal Oswal share price today (Motilal Oswal Financial Services Ltd, NSE: MOTILALOFS)

> Motilal Oswal share price today: ₹1,010.00 at the NSE close on 3 November 2026, up 3.3% in a year. Motilal Oswal Financial Services (NSE: MOTILALOFS) is worth ₹60,897 crore, trades at a P/BV of 3.9 and has closed between ₹662.60 and ₹1,055.90 over the past 52 weeks. > Motilal Oswal Financial Services Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. MOTILALOFS · Finance - Capital Markets - Wealth Management · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/motilal-oswal-financial-services-ltd

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## Key numbers

- Business trend: Getting better, from the last 12 quarters
- Price: ₹1,010.00 (+3.3% in a year)
- P/BV: 3.9× (higher than 59% of the last 11 years)
- Revenue (Sep 2026): ₹3,042 Cr (+64.4% on a year ago)
- Profit (Sep 2026): ₹1,081 Cr (+197.8% on a year ago)
- Net margin: 35.5% (+15.9 points on a year ago)
- ROE: 16%, FY26
- ROA: 6.09%, latest

The main question: the share price moved +3.3% in a year while yearly earnings per share moved −25.6%. The difference came from the market paying a higher multiple. ## What is the Motilal Oswal share price today? Motilal Oswal Financial Services Ltd's share price was ₹1,010.00 at the close on 3 November 2026. It has been rising for 21 weeks. That is 10.1% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 14 weeks in a row. In the last 52 weeks it traded between ₹663 and ₹1,056, and at that close it sat 88% of the way up from that low. Over the last 11 years the share price moved +1,317% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Motilal Oswal this quarter? Two changes stood out: promoters cut their stake for 14 quarters in a row and revenue up on a year earlier for 4 quarters in a row. 1. Promoters cut their stake for 14 quarters in a row From 69.7% to 66.7% of the company by the September 2026 quarter. 2. Revenue up on a year earlier for 4 quarters in a row In the September 2026 quarter revenue was ₹3,042 crore, +64.4% on a year earlier. Why: Revenue rose because clients put more money into its funds and wealth products, so the pool it earns fees on got bigger. Next results: check whether money going into active funds stays above the slow months. From the earnings call on 30 Oct 2026. ## What are Motilal Oswal's latest quarterly results? For July to September 2026 (the quarter ended 30 September 2026), Motilal Oswal reported total income of ₹3,042 crore, up 64.4% from ₹1,850 crore a year earlier, and a profit of ₹1,081 crore, up 197.8% from ₹363 crore. ### Motilal Oswal results: July to September 2026 against a year earlier

| Measure | July to September 2026 | July to September 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹3,042 crore | ₹1,850 crore | +64.4% |
| Profit | ₹1,081 crore | ₹363 crore | +197.8% |
| Earnings per share | ₹17.92 | ₹6.04 | +196.7% |
| Net margin | 35.5% | 19.6% | +15.9 points |

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). Motilal Oswal's management discussed these results on a call held on 30 October 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 September 2026). Income and profit in ₹ crore.)

## What is the Motilal Oswal share price history? Motilal Oswal closed at ₹1,010.00 on 3 November 2026, up 3.3% from ₹978.00 a year earlier (31 October 2025) and up 337.5% over five years. Its highest weekly close since March 2016 was ₹1,055.90 on 16 October 2026. ### Motilal Oswal share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹925.00 | +9.2% |
| 1 month ago · 1 Oct 2026 | ₹990.00 | +2.0% |
| 6 months ago · 30 Apr 2026 | ₹800.25 | +26.2% |
| 1 year ago · 31 Oct 2025 | ₹978.00 | +3.3% |
| 3 years ago · 3 Nov 2023 | ₹252.51 | +300.0% |
| 5 years ago · 4 Nov 2021 | ₹230.84 | +337.5% |
| 10 years ago · 4 Nov 2016 | ₹127.96 | +689.3% |
| Earliest weekly close in our records · 11 Mar 2016 | ₹71.30 | +1,316.5% |
| Highest weekly close since March 2016, also the 52-week high · 16 Oct 2026 | ₹1,055.90 | −4.3% |
| Lowest weekly close since March 2016 · 1 Apr 2016 | ₹69.06 | +1,362.5% |
| 52-week low (weekly close) · 20 Mar 2026 | ₹662.60 | +52.4% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (563 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Motilal Oswal? 3 Nov 2026: Motilal Oswal closed at ₹1,010.00, up 9.2% on the week and up 2.0% on the month. 30 Oct 2026: Motilal Oswal held its results call for July to September 2026. Management guided: Custody to commence operations in January to March 2027 subject to readiness with no earnings contribution even next year. ### Earlier

- Results for July to September 2026: Total income up 64.4% and profit up 197.8% on a year earlier. - 30 Jan 2026: ex-date for an interim dividend of ₹6 a share, record date 31 Jan 2026. - 10 Jun 2024: Bonus issue: 3 new shares for every 1 held (ex-date). ## What dividend does Motilal Oswal pay? Motilal Oswal paid ₹6 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.59% at the ₹1,010.00 close on 3 November 2026. The last was an interim dividend of ₹6 a share, ex-date 30 January 2026. ### Motilal Oswal dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 30 Jan 2026 | ₹6 | Interim | 31 Jan 2026 |
| 31 Jan 2025 | ₹5 | Interim | 1 Feb 2025 |
| 6 Feb 2024 | ₹14 | Interim | same day |
| 4 Jul 2023 | ₹3 | Dividend | same day |
| 3 Feb 2023 | ₹7 | Interim | 4 Feb 2023 |
| 1 Jul 2022 | ₹3 | Dividend | 4 Jul 2022 |
| 3 Feb 2022 | ₹7 | Interim | 4 Feb 2022 |
| 2 Aug 2021 | ₹5 | Dividend | 3 Aug 2021 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Motilal Oswal Financial Services Ltd paid out 19% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did Motilal Oswal management say on the latest results call? On the call for July to September 2026, held on 30 October 2026, Motilal Oswal's management guided: Custody to commence operations in January to March 2027 subject to readiness with no earnings contribution even next year. > “In my opinion, this business is at the same stage of evolution as the mutual fund business was more than a decade ago. - Navin”
> Group MD, on the call for July to September 2026

### What management guided

- Maiden office fund closure over next six months and SIF launch in January-March quarter alongside hybrid broadening. - Housing GNPA to normalize to 1.1%-1.2% in H2 on seasonal recoveries with similar growth pace for coming few years. - October net active inflows above ₹2,000 crore expected after September rebound. - Private wealth H2 profit growth much higher than H1; broking growth to improve with headwinds in base. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/4773-30-Oct-2026.pdf). (From the call for July to September 2026, 30 October 2026.)

## What to watch in Motilal Oswal's next results? When Motilal Oswal reports October to December 2026, these are the 3 checks that show whether the story is still on course. First: Active flow revival to stay above lean months into next print for confirmation - per September rebound and October expectation commentary. - What to check (from the call)
- Active flow revival to stay above lean months into next print for confirmation - per September rebound and October expectation commentary. - Private-credit final close with domestic pipeline release and office fund progress to be tracked - per near-close commentary. - Private wealth H2 profit acceleration versus muted Q2 base to be confirmed - per operating-leverage and vintage commentary. ## Which stock lists is Motilal Oswal on? Motilal Oswal is on 2 of our India lists: Momentum stocks and Small & mid cap stocks. - [Momentum stocks Market cap cr: 58150.67339030734](https://www.sectoralpha.in/momentum-stocks-india)
- [Small & mid cap stocks Size rank in India: 175](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Motilal Oswal profitable? Motilal Oswal Financial Services Ltd earned ₹1,081 Cr of net profit in the Sep 2026 quarter, +197.8% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹1,872 Cr. Over 10 years profit has grown 27.0% a year on average. That is 35.5% of the quarter's revenue. The same quarter a year earlier earned ₹363 Cr. 2 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹1,872 Cr (−25.4% on the year before). Why profit moved: revenue changed +64.4% on a year earlier and the margin moved +15.9 percentage points. Most of the change came from keeping more of each sale. On average over the last four quarters, profit changed +69.1% and revenue +55.1%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit. ## How much revenue does Motilal Oswal make, and is it growing? Motilal Oswal Financial Services Ltd reported ₹3,042 Cr of income in the Sep 2026 quarter, +64.4% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. Over 10 years it has grown 24.1% a year on average. The last full year, FY26, came in at ₹9,381 Cr. The last four reported quarters add to ₹11,256 Cr. FY26 revenue was ₹9,381 Cr, +12.5% on the year before. Recent pace: the last four quarters grew +55.1% on average, against 24.1% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +44.9%, against +11.2% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +33.2%, against −10.7% a year (accelerating). ## How much does Motilal Oswal keep from what it earns? Motilal Oswal Financial Services Ltd's net margin was 35.5% in the Sep 2026 quarter, 15.9 percentage points higher than the same quarter a year ago. Across 13 years it has been between 8.1% and 34.9%. The latest quarter is above every full year in that period. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Motilal Oswal's loans have gone bad? Motilal Oswal Financial Services Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Motilal Oswal's loan book growing? Motilal Oswal Financial Services Ltd's revenue was ₹9,381 Cr in FY26, +12.5% on the year before, so the loan book is growing. The latest quarter was +64.4% on a year earlier. The net margin on that income is 35.5%, +15.9 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Motilal Oswal's P/BV ratio, and how does it compare with its own history? Motilal Oswal Financial Services Ltd's P/BV is 3.9×, in the middle of its own history: higher than 59% of past readings. Its usual P/BV (the middle reading) is 3.5×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year book value grew while the price moved +3.3%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +34.3% a year; about +24.2% a year came from book-value growth and about +10.1 percentage points from the multiple (the market paying more); over 10 years the price moved +22.9% a year; about +24.8% a year came from book-value growth and about −1.9 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is about average against its own past, so the book value trend underneath matters more than the multiple. ## Is the Motilal Oswal business getting better or worse? Motilal Oswal Financial Services Ltd's business is getting better. Profit growth hit its low 3 quarters ago at −38.5% and has recovered to +33.2%, with ROE steady at 17.3%. This is based on 12 quarters of 4 measures. Why it matters: a lasting rise from a low is what this page is built to show. ## How much does Motilal Oswal earn on its equity and assets? We do not have a clean yearly return-on-equity history for Motilal Oswal Financial Services Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report. ## Does Motilal Oswal have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Motilal Oswal shareholding pattern? Promoters cut their stake in Motilal Oswal Financial Services Ltd by 2.2 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 66.7% of the company. Domestic institutions moved +0.9 points over the same period, to 7.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −2.2 points over 8 quarters, to 66.7%; Domestic institutions: +0.9 points over 8 quarters, to 7.3%; Foreign institutions: +0.4 points over 8 quarters, to 6.7%. Why the owners changed: promoters drove it (−2.2 points), with the other side taken by domestic institutions (+0.9 points). They reduced their stake. ## How far is Motilal Oswal from balance-sheet trouble? For Motilal Oswal Financial Services Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Motilal Oswal rank in its industry? 61.4 out of 100, rank 2 of 4 in Finance - Capital Markets - Wealth Management, with 86% of the evidence available. Motilal Oswal Financial Services Ltd scores 61.4 out of 100 against the 4 companies it is compared with in Finance - Capital Markets - Wealth Management, ranking 2. A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. The four parts add up to the total exactly: 21.8 + 19.6 + 6.6 + 13.4 = 61.4. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Motilal Oswal compared with? Motilal Oswal ranks 2 of 4 Finance - Capital Markets - Wealth Management companies on the 4-Factor Sector Score, with 61.4 out of 100. 1. [Anand Rathi Wealth Ltd](https://www.sectoralpha.in/stocks/anand-rathi-wealth-ltd) ANANDRATHI · turning · Most evidence points up · 67% evidence 70.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.5/35 · Income 20.8% · Profit 31.9% · 52% evidence Capital efficiency 21.1/25 · ROA 28.1% · ROE 47.3% · GNPA n/a · 68% evidence Valuation 4.0/20 · P/BV 29.13× · P/BV÷ROE 0.62 · 60% evidence Relative strength 18.8/20 · Lead over its industry 14.7% · Lead over NIFTY 500 31.1% · 1 year 45.8% · 100% evidence · 11 of 12 weeks ahead Exact sum: 26.5 + 21.1 + 4 + 18.8 = 70.4 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. Motilal Oswal Financial Services Ltd this page MOTILALOFS · breaking out · Evidence leans up · 86% evidence 61.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.8/35 · Income 44.9% · Profit 33.2% · 86% evidence Capital efficiency 19.6/25 · ROA 5.1% · ROE 15.5% · GNPA n/a · 72% evidence Valuation 6.6/20 · P/BV 3.65× · P/BV÷ROE 0.23 · 90% evidence Relative strength 13.4/20 · Lead over its industry -2.4% · Lead over NIFTY 500 12.2% · 1 year -4.2% · 100% evidence · 11 of 12 weeks ahead Exact sum: 21.8 + 19.6 + 6.6 + 13.4 = 61.4 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 3. [Nuvama Wealth Management Ltd](https://www.sectoralpha.in/stocks/nuvama-wealth-management-ltd) NUVAMA · turning · Evidence leans up · 82% evidence 51.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.4/35 · Income 12.8% · Profit 5.3% · 75% evidence Capital efficiency 21.5/25 · ROA 3% · ROE 27.4% · GNPA n/a · 72% evidence Valuation 5.9/20 · P/BV 7.68× · P/BV÷ROE 0.28 · 90% evidence Relative strength 12.8/20 · Lead over its industry 3.7% · Lead over NIFTY 500 18.7% · 1 year 22.4% · 100% evidence · 5 of 12 weeks ahead Exact sum: 11.4 + 21.5 + 5.9 + 12.8 = 51.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 4. [360 ONE WAM Ltd](https://www.sectoralpha.in/stocks/360-one-wam-ltd) 360ONE · quiet · Evidence leans down · 73% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Income 29.2% · Profit 10.8% · 52% evidence Capital efficiency 19.1/25 · ROA 6.8% · ROE 14.4% · GNPA n/a · 68% evidence Valuation 7.5/20 · P/BV 3.88× · P/BV÷ROE 0.27 · 90% evidence Relative strength 0.0/20 · Lead over its industry -19% · Lead over NIFTY 500 -6% · 1 year -8.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 20.6 + 19.1 + 7.5 + 0 = 47.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Capital Markets - Wealth Management](https://www.sectoralpha.in/sectors/finance-capital-markets-wealth-management), all 4 compared on one page. ## Which companies are close to Motilal Oswal in size? Motilal Oswal is the largest of 4 Finance - Capital Markets - Wealth Management companies on Sector Alpha by market value (scores of 30 October 2026). It is the largest. Just below it: 360 ONE WAM, Anand Rathi Wealth and Nuvama Wealth Management. ### Finance - Capital Markets - Wealth Management companies close in size

1. Motilal Oswal Financial Services Ltd ₹56,797 crore
2. [360 ONE WAM Ltd](https://www.sectoralpha.in/stocks/360-one-wam-ltd) ₹42,199 crore
3. [Anand Rathi Wealth Ltd](https://www.sectoralpha.in/stocks/anand-rathi-wealth-ltd) ₹37,392 crore
4. [Nuvama Wealth Management Ltd](https://www.sectoralpha.in/stocks/nuvama-wealth-management-ltd) ₹32,032 crore

[All 4 Finance - Capital Markets - Wealth Management companies, largest first](https://www.sectoralpha.in/sectors/finance-capital-markets-wealth-management#all-companies)

### Companies close in size in other industries

1. [National Aluminium Company Ltd](https://www.sectoralpha.in/stocks/national-aluminium-company-ltd) ₹57,771 crore · Aluminium
2. [Biocon Ltd](https://www.sectoralpha.in/stocks/biocon-ltd) ₹57,333 crore · Pharma - Formulators
3. Motilal Oswal Financial Services Ltd ₹56,797 crore
4. [Sona BLW Precision Forgings Ltd](https://www.sectoralpha.in/stocks/sona-blw-precision-forgings-ltd) ₹55,672 crore · Castings, Forgings & Fastners
5. [Jindal Stainless Ltd](https://www.sectoralpha.in/stocks/jindal-stainless-ltd) ₹55,566 crore · Stainless Steel

## What else do people ask about Motilal Oswal? ### What is Motilal Oswal's share price today? Motilal Oswal Financial Services Ltd's share price is ₹1,010.00, +3.3% over the past year. The whole company is worth ₹60,897 Cr on the market. In the last 52 weeks it traded between ₹663 to ₹1,056; today it is 88% of the way up from the low, 10.1% above its 200-day average (as of 3 November 2026). ### What were Motilal Oswal's latest quarterly results? Motilal Oswal Financial Services Ltd reported total income of ₹3,042 Cr and net profit of ₹1,081 Cr for the Sep 2026 quarter. Income rose 64.4% and profit rose 197.8% compared with a year earlier. Earnings per share were ₹17.92 (as of 3 November 2026). ### What is Motilal Oswal's market cap? Motilal Oswal Financial Services Ltd's market capitalisation is ₹60,897 Cr at a share price of ₹1,010.00. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Motilal Oswal performing? Motilal Oswal Financial Services Ltd's share price has been rising for 21 weeks. In its latest quarter, income rose 64.4% and profit rose 197.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 14 weeks running (as of 3 November 2026). ### Will Motilal Oswal's share price go up? This page does not forecast Motilal Oswal Financial Services Ltd's share price. What it shows instead: the share price is ₹1,010.00, and it has been rising for 21 weeks. Its P/BV of 3.9× is higher than 59% of its own last 11 years (as of 3 November 2026). ### Who owns Motilal Oswal? Promoters own 66.7% of Motilal Oswal Financial Services Ltd, foreign institutions 6.7%, domestic institutions 7.3% and the public 19.3% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 2.2 percentage points over 8 quarters (as of 3 November 2026). ### Where is Motilal Oswal in its business cycle? Motilal Oswal Financial Services Ltd's FY26 net margin was 20.0%, against a 13-year range of 8.1% to 34.9%: the middle of its own range, neither a peak nor a low. The latest quarter was 35.5%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Motilal Oswal story? The main question: the share price moved +3.3% in a year while yearly earnings per share moved −25.6%. The difference came from the market paying a higher multiple. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Motilal Oswal a stock worth studying right now? What the numbers show: Motilal Oswal Financial Services Ltd's share price, valuation and earnings point in different directions. The next one or two quarters should make it clearer. The main open question: whether earnings grow into a price that has already moved. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a Motilal Oswal share price forecast for 2026? What management itself guided: Custody to commence operations in January to March 2027 subject to readiness with no earnings contribution even next year. ## Lists

- Momentum stocks: https://www.sectoralpha.in/momentum-stocks-india
- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

This is research, not advice. We’re not SEBI-registered.