MOTILALOFS

Oswal Raamdeo Agrawal

➝ Another quarter of muted performance can be seen. ➝ Broader market activities got impacted due to regulatory changes. ➝ No other segment of the company will go public in the near term. ➝ New and existing clients are participating significantly. ➝ QIP and IPO markets are booming. ➝ Volumes were exponentially increasing before regulatory changes. ➝ The broking business is facing a bit of sluggishness. ➝ Multiple data show the economy is slowing down. ➝ Demand will start picking up in Oct–Nov. ➝ Banks are in a very healthy state. ➝ Banks have a good chance to turn around in Q3. ➝ Could see the early stages of revival within cement. ➝ Zomato is our Nvidia.