Motilal Oswal Fin Srv. trying to resume it's bull rally!Motilal Oswal is a Mid size brokerage firm, which also provides services like Wealth Management. The company has a Mcap of INR 12K Crore.
The stock price is trading at a PE ratio of 10.26 with historical PE of 25 and sectorial PE of 27.6.
The stock trades at moderate volumes usually. Unprecedented volume rise can be seen between 4 May - 6 Aug 2021 with rising in price significantly.
The stock also corrected to the levels of 760-770 during broader Mid and Small-cap stock sell-off. Trading above 850 with rising volumes is a good signal for bulls.
With a golden cross on MACD, RSI is also suggesting strong momentum.
