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Motilal Oswal Financial Services Ltd.

(BSE, NIFTY, NASDAQ, Dow Jones, Hang Seng) is a
diversified financial services firm offering a range of financial products and services such as
Wealth Management, Retail Broking and Distribution, Institutional Broking, Asset Management,
Private Equity, Investment Banking, Commodity Broking and Principal Strategies

Background[edit]
The company was formed in 1987 by Motilal Oswal and Raamdeo Agrawal after they acquired
membership on The BSE.[2] Motilal Oswal was elected director and joined the Governing Board
of the Bombay Stock Exchange in 1998.
Motilal Oswal Securities is a Depository Participant of NSDL[3] and a Depository Participant of
Central Depository Services Limited (CDSIL)[4] in 2000. The company started offering
Derivatives products and advisory services on both BSE as well as NSE in 2001[5]
In 2006, the company entered Private Equity and Investment Banking business.[5] In the same
year, Motilal Oswal group acquired South Indian brokerage firm – Peninsular Capital Markets.[6]
The company tied up with State Bank of India and Punjab National Bank[7] in 2006 and 2007 to
offer online trading to its customers. 2008 saw the company create one of India's largest Equity[8]
Dealing & Advisory rooms, spread over 26,000 sq ft (2,400 m2) in Malad, Mumbai.
In January 2010, Motilal Oswal Financial Services (through its subsidiary Motilal Oswal
Securities Ltd.) received the final certificate of registration approval from Securities and
Exchange Board of India (SEBI) to set up a mutual fund business in the country.

Awards and Recognitions[edit]

Motilal Oswal Securities bagged the Best Performing Equity Broker (National) Award at
CNBC TV18 Financial Advisor Awards 2013 held in Mumbai.[9]

second time in succession. Customer Services One of the largest body of complaints about financial services organisations on the web is found to relate to Motilal Oswal's companies Services Wealth Management. Motilal Oswal Financial Services Ltd's Analyst Mr.[11]  Motilal Oswal Securities was awarded with Best Performing National Financial Advisor Equity Broker Award in 2012. rated as No. Jinesh Gandhi won the Best Market Analyst Award for the categories Equity-Auto at ‘India`s Best Market Analyst Awards 2013 organized by Zee Business.[10]  Motilal Oswal Securities was declared "Best Equity Broker" at Bloomberg UTV Financial Leadership Awards in April 2012. .[20] World Magazine 2008 for the second consecutive year.1 Broker in ET Now – Starmine Analyst Awards 2009[10].[19]  MOSL awarded 'The Best Franchisor in Financial Services' by Franchisee. Retail Broking & Distribution.[12][13]  Motilal Oswal Financial Services was honoured with an award for Best Use in PR in Financial Services Category at India PR & Corporate Communications Awards 2012.[14]  Motilal Oswal Securities received Best Equity Broking House Award by BSE IPF-D&B Equity Broking Awards 2011 [15]  Motilal Oswal Mutual Fund's MOSt Shares M50 ETF was adjudged Most Innovative Fund of the Year by CNBC TV18 CRISIL Mutual Fund Award 2011 [16]  CNBC TV18 awarded Motilal Oswal the Best Performing Equity Broker Award in 2010 at CNBC TV18 Financial Advisor Awards 2010 [13]  Best Capital Markets & Related NBFC Award for FY11 by CNBC TV18 India Best Banks & Financial Institutions Awards 2011[17]  Motilal Oswal IB team won the Asia Pacific Cross Border Deal of the year award in 2010 and the CEO Ashutosh Maheshvari got India M&A Investment Banker of the Year award [18]  Motilal Oswal Securities Ltd. Commodity Broking. Asset Management.

The capital market is a market where borrowing and lending of long term funds takes place. Private Equity. Motilal Oswal Private Equity Advisors Pvt Ltd. as well as financial institutions also raises a lot of money from these markets. Motilal Oswal Investment Services. Corporate both in the private sector as well as in the public sector raise thousands of crores of rupees in these markets. short term and long term as also commercial. The governments both central and state raise money in the capital market. Subsidiaries Motilal Oswal Investment Advisors Pvt Ltd. Capital market means the market for all the financial instruments.Institutional Broking. debentures. Motilal Oswal Asset Management Co. Capital markets deal in both debt and equity. The subject whether approached historically or analytically or from the standpoint of policy. Ltd Stock Market Capital occupies a position so dominant to the economic theory of production and distribution that it is natural to assume that it should occupy at least an equally important place in the theory and practice of economic growth. bonds etc. The two important operations carried out are 1) Raising of the new capital . Example of well-developed markets is – The Global depository and American depository. through various instruments available like shares. It is usually implied that economic growth and capital accumulation with a high positive and significant correlation and additions to the stock of capital can provoke and facilitate faster rate of growth even under the circumstances which can be described as shortage of capital. through the issue of government securities. industrial and government paper. Investment Banking Services & Principal Strategies Motilal Oswal Securities Ltd. The government. Capital markets refer to all the institutes and mechanisms of raising medium and long-term funds. it is the process of capital accumulation that occupies the front of the stage. The capital market deals with capital. through Reserve Bank of India.

Financial institutions. . TCS. International financial investors and institutions. Banks 6.2) Trading in securities issued by the company. The supply in this market comes from saving from different sectors of the economy. 5. Post office saving banks 7. Provident funds 7. The investment trusts and companies 4. Infosys. Design of the study Title of the study “Equity Valuation of Top Three IT Companies” Objectives of the study a) To study the performance of three IT Companies namely Wipro. Specialized financial institutions or development banks. Governments 4. Banks 3. : The important constituents of capital market are: 1. Individuals 2. Foreign countries 5. Corporate 3. These come from the following sources: 1. Non banking financial institutions 8. The stock exchanges 2. Mutual funds 6.

To determine the Equity prices through Equity Valuation Models. and darling of investing public. d) To evaluate the prices of these companies. SECONDARY DATA  Internet sources . resurgent India. which is scaling newer peaks almost every month. Need for Equity valuation of IT Companies. resources and infrastructure to overcome the daunting problems that afflict them now and hit the high-growth path once again. have started loosing their appeal.b) To evaluate the financial performance of these companies through fundamental analysis by taking in to consideration data of last five years c). So it is very necessary to know what the investors should do at this time METHODOLOGY OF DATA COLLECTION SOURCES OF DATA PRIMARY DATA  Discussion with the company official Discussion regarding the IT sector and IT Companies performance and how equity shares of these companies are performing presently. e) To design strategy for profitable investment in equities which yields maximum returns. the proud mascot of a modern. Is it the time to write them off? Or do they have the talent. India’s information technology services companies. Their shares have lost their shine and have grossly underperformed inn a buoyant market.

 Annual Reports of the companies  Business magazines CONCEPTUAL DESIGN Sample unit: Equity shares of the selected companies Sample size: 5 years financial data of these companies Sample method: direct. .