NORTHARC

Share Price Target: Motilal Oswal initiates coverage with a ‘Buy’ rating, sees 47% upside | DETAILS

Northern Arc Share Price Target: Motilal Oswal has initiated coverage on Northern Arc Capital with a BUY rating and a target price of Rs 360 per share, indicating a 47 per cent upside from the current market price. Northern Arc Capital is a part of the BSE Financial Services and has a market capitalisation of Rs 4,071.61 crores as of February 24. As of 9:50 am, the shares of the Non-Banking Financial Company (NBFC) were up 3.7 per cent or Rs 9.1 to trade at 254.75. MOSL on Northern Arc Motilal Oswal Financial Services has initiated coverage on Northern Arc Capital with a BUY rating, setting a target price of Rs 360 per share against the current market price of Rs 245, implying a potential 47 per cent upside.