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.

IndusInd Bank Limited (INDUSINDBK) has expanded its partnership with HYROX India, spanning across multiple cities including Ahmedabad, Bengaluru, and Noida. This strategic move aims to strengthen the bank’s connection with fitness enthusiasts and experience-seeking consumers, offering exclusive cashback offers and race-day benefits.

Exclusive Benefits for Customers

Customers will enjoy priority check-in, dedicated access lanes, exclusive event privileges, and curated on-ground experiences. This partnership reflects IndusInd Bank’s commitment to engaging with a generation that values aspiration, perseverance, and continuous progress.

Strategic Partnership

Speaking on the partnership, Sheran Mehra, Chief Marketing Officer, IndusInd Bank, said, ‘HYROX gives IndusInd Bank an opportunity to engage with a generation that values aspiration, perseverance, and continuous progress. This partnership is therefore more than a sports association; it is a strategic platform to deepen relevance, create distinctive experiences, and become part of the lives of consumers who are always striving for what’s next.’

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of IndusInd Bank Limited

IndusInd Bank Limited belongs to the Financial Services › Banks – Regional sector. Here’s a quick read on where the business and the stock stand today.

IndusInd posts a 2.2% three-month gain, but softens in the last few weeks. Thin margins at 7.6% leave limited room for error — any demand softness or cost spike hits the bottom line hard. Revenue contracts at -0.4% CAGR. That signals structural headwinds, not a short-term blip. The stock gives back 6.3% in the last month despite a positive three-month run. As a result, the earlier momentum appears to be fading. Revenue grows at -0.4% CAGR and the PEG stands at 99.00. The growth does not match the price the market asks. Furthermore, flat price action adds no technical catalyst. A lower price or faster revenue growth would improve the odds. Check Fundamentals of IndusInd Bank Limited.

UGRO Capital Limited (NSE: UGROCAP) announced today that it has raised INR 380 crore through the issuance of senior, secured, rated, listed, redeemable and transferable Non-Convertible Debentures (NCDs), fully subscribed by Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO), the Dutch entrepreneurial development bank. This marks FMO’s third investment in UGRO Capital in under three years, following NCD investments of INR 250 crore in December 2023 and INR 260 crore in February 2025. The five-year tenor of the new instrument matches the long-duration secured lending that UGRO extends to small businesses in Tier-3 towns and beyond.

Strategic Investment

The investment continues UGRO Capital’s strategy of building a diversified, long-tenor institutional funding base that is less dependent on the domestic banking system. The Company has now raised over INR 1,300 crore of debt from development finance institutions and impact-focused investors in India and globally, including FMO, IFU, the Danish sovereign development fund, the Asian Development Bank (ADB), Triple Jump, BlueOrchard, responsAbility, Calvert Impact Capital, Enabling Qapital, GMO, WaterEquity and MicroVest, among others.

Impactful Financing

In line with FMO’s mandate, the proceeds will be deployed towards financing for women-owned and women-led SMEs, youth-owned and youth-led SMEs and rural SMEs, and will also contribute towards the financing or refinancing of eligible green projects aligned with FMO’s sustainability approach. UGRO Capital serves the segment of Indian enterprise that the formal credit system has historically been unable to reach: businesses with turnover below INR 3 crore that lack the tax and audited records conventional lenders require.

Source: NSE Corporate Announcement

Fundamental & Technical Analysis of Ugro Capital Limited

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

Ugro falls 14.1% over three months and has not found a floor yet. The PEG of 0.09 is extremely low. Either the market misses the growth story, or there is a catch worth investigating. Premium net margins of 24.0% demonstrate strong cost discipline and a wide competitive moat. RSI stands at 29, well into oversold territory. Yet sellers still dominated on 19 of recent sessions versus 11 for buyers, so the pressure has not fully lifted. Revenue grows at 42.4% and profits at 63.8% CAGR, with D/E of 0.00. Meanwhile, the stock dips 14.1% in three months without any fundamental deterioration. Consequently, the stock quietly becomes cheaper relative to earnings power. For long-term investors, that is a feature. Check Fundamentals of Ugro Capital Limited.