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Value Buying

Promoters of Motilal Oswal Financial Services bought stock worth ₹153 million when it hit a 52-week low

Well-known market veteran, Raamdeo Agrawal is known for his value bets. And his time-tested approach has led to a multi-million dollar portfolio. He is now buying things closer home, having picked up stock worth Rs. 153 million in Motilal Oswal Financial Services, the company that he co-founded with Motilal Oswal. Promoter entity Passionate Investment Management bought the shares after it has corrected 40% from its May high of Rs.828. It currently trades at Rs.555 after hitting a 52-week low of Rs.480 earlier this month.