Motilal Oswal Financial Services Limited (MOTILALOFS) has received a custodian license from the Securities and Exchange Board of India (SEBI), marking a significant milestone for the company. This approval was granted to Motilal Oswal Custodial Services Private Limited (MOCSPL), a wholly-owned subsidiary of MOTILALOFS. The license enables MOCSPL to offer safekeeping of securities, trade settlement, corporate action processing, and regulatory reporting for institutional clients.

Expansion of Institutional Services

This regulatory approval is a strategic move that extends the group’s institutional franchise, which already includes institutional equities, wealth management, asset management, private wealth, investment banking, alternates, and home finance. The addition of custody services allows the company to offer execution, custody, and post-trade servicing within a single institutional relationship, thereby enhancing its service offerings to clients.

Operational Excellence

Mr. Motilal Oswal, Group CEO & Co-founder of MOTILALOFS, emphasized the importance of custody in the rapidly expanding institutional asset pools in India. He stated, ‘Custody forms the backbone of this growth. Our entry into this sector is driven by a strong belief that institutional capital needs a solid domestic market infrastructure that meets the highest global standards.’ The company plans to commence operations in the last quarter of 2026, subject to the completion of operational readiness requirements.

MOTILALOFS will prioritize operational excellence to meet the precision, swift responsiveness, and transparency demanded by institutional clients. The company aims to build the business with technology at its core and with teams that understand the specific requirements of alternative funds, offshore investors, and domestic institutions alike.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Motilal rises 10.2% over three months, with buying pressure holding steady. D/E of 1.32 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Premium net margins of 23.0% demonstrate strong cost discipline and a wide competitive moat. Buyers show up with 2.1x the volume of sellers. Moreover, they dominated on 18 of recent sessions versus 12 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 29.1%, profits at 26.1%, and the PEG sits at 1.24 — below its growth rate. That combination is rare. Check Fundamentals of Motilal Oswal Financial Services Limited.

Motilal Oswal Financial Services Limited (MOTILALOFS) announced that India Ratings and Research (Ind-Ra), a Fitch Group company, has upgraded the long-term credit rating of the company and its key subsidiaries to ‘IND AA+’ with a Stable Outlook, from ‘IND AA’ with a Positive Outlook. The upgrade applies to the non-convertible debentures (NCDs) and bank loan facilities of MOFSL and Motilal Oswal Home Finance Limited (MOHFL), and to the NCDs of Motilal Oswal Finvest Limited (MOFL). Ind-Ra has also affirmed the ‘IND A1+’ rating on the commercial paper programmes of MOFSL, MOFL and Motilal Oswal Wealth Limited (MOWL).

Stronger Business Profile

According to Ind-Ra, the upgrade reflects a stronger business profile, driven by the continued scale-up of its asset management and private wealth businesses, rising recurring fee-based revenue, and sustained profitability growth visibility across key operating segments. The agency noted that improved earnings diversification has reduced the group’s relative dependence on transaction-based income, while comfortable capitalisation, adequate liquidity buffers, and the fungibility of liquidity across group entities provide additional financial flexibility.

Future Prospects

A stronger rating widens our access to diversified funding and should support greater efficiency in our cost of borrowing as we scale our lending, housing finance, and wealth businesses with discipline, said Mr. Shalibhadra Shah, Group Chief Financial Officer, Motilal Oswal Financial Services Limited. With this rating upgrade, we are now rated AA+ from all the three leading rating agencies in India.

The upgrade is an independent recognition of the transformation of Motilal Oswal, said Mr. Motilal Oswal, Managing Director and CEO & co-founder, Motilal Oswal Financial Services Limited. This upgrade belongs to the more than 15 million clients who trust us, to our franchise partners, and to our people, and it strengthens our resolve to build an institution that compounds trust as patiently as it compounds wealth.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Motilal Oswal Financial Services Limited

Motilal Oswal Financial Services Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Motilal holds in the upper half of its 52-week range, a sign the market backs the stock. D/E of 1.32 is elevated. As a result, debt servicing will compress free cash flow in a high-rate environment. Premium net margins of 23.0% demonstrate strong cost discipline and a wide competitive moat. Buyers show up with 1.8x the volume of sellers. Moreover, they dominated on 16 of recent sessions versus 14 for sellers — a healthy accumulation pattern. Both the business and the stock move in the right direction. Revenue grows at 29.1%, profits at 26.1%, and the PEG sits at 1.12 — below its growth rate. That combination is rare. Check Fundamentals of Motilal Oswal Financial Services Limited.

Indian Energy Exchange Ltd (IEX) has achieved its highest ever monthly electricity traded volume of 13,938 MUs in August 2026, marking a significant 20.2% year-on-year increase. This milestone reflects the growing demand for electricity in India, which saw a 12.85% rise in energy consumption in the same month. Notably, the average market clearing price in the Day-Ahead Market surged by 22% to Rs 4.88/unit, while the Real-Time Market price increased by 30.4% to Rs 4.41/unit.

Day-Ahead Market Performance

The Day-Ahead Market (DAM) including HP-DAM, achieved 5,517 MU volume in August 2026, up 15.0% year-on-year. This growth is indicative of the robust energy trading environment facilitated by IEX.

Real-Time Market Gains

The Real-Time Electricity Market (RTM) volume increased to 5,565 MU in August 2026, from 5,029 MU in August 2025, registering an increase of 10.6% YoY. This upward trend highlights the efficiency and reliability of IEX’s trading platform.

Future Outlook

As the energy sector continues to evolve, IEX’s commitment to enhancing the speed and efficiency of trade execution remains steadfast. The exchange’s ability to adapt to market dynamics and support sustainable energy practices positions it as a leader in India’s energy market.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Indian Energy Exchange Limited

Indian Energy Exchange Limited belongs to the Financial Services › Capital Markets sector. Here’s a quick read on where the business and the stock stand today.

Indian trades in the lower quarter of its 52-week range. D/E sits at 0.01 with a 3.36% dividend and unbroken revenue growth. Financial stability is a genuine strength. Industry-leading margins of 66.2% reflect exceptional pricing power and operational efficiency. The stock sits at 9% of its 52-week range, close to annual lows. Historically, value investors build positions at these levels — though cheap stocks can stay cheap. Revenue grows at 15.4% and profits at 17.2%, and the dividend yield stands at 3.36%. The business is in good shape. Moreover, a stock that does not move despite strong fundamentals often offers better value than one already priced for perfection. Check Fundamentals of Indian Energy Exchange Limited.