Motilal Oswal shares end 4% higher after ICRA upgrades credit rating

Shares of stockbroking and financial-services firm Motilal Oswal Financial Services rallied on Monday, October 13, 2025, bucking a generally weak market. The stock ended nearly 4% higher, having touched an intraday high of ₹1,010 on the NSE.

The rally followed a fresh disclosure that ICRA Limited has upgraded the credit rating of Motilal Oswal and its subsidiaries from [ICRA] AA (Positive) to [ICRA] AA+ (Stable).

The rating agency cited MOFSL’s “strong market position, demonstrated ability to harness sector momentum, and continued strengthening of its franchise across capital market businesses,” along with a resilient financial performance through market cycles.

The upgrade covers the Motilal Oswal Group on a consolidated basis — including Motilal Oswal Home Finance, Finvest, Wealth, Broking & Distribution, among others — reflecting their operational synergies and shared management.

In response, MD & CEO Vishal Oswal commented that the upgrade “reflects the strength of our franchise and the resilience of our business model." He noted that the group operates a twin-engine structure of operating and investment businesses, reinvesting about 80% of cash flows to compound growth over time.

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He added, “Our seven integrated businesses — spanning wealth management, institutional equities, investment banking, asset management, alternates, private wealth, and home finance — are designed to deliver sustainable growth across market cycles.”

Over the past month, Motilal Oswal’s shares have gained around 6%, and over the last six months, the stock has jumped 58%.