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The successful prediction of a stock's future price could yield significant profit. The efficient market hypothesis suggests that stock prices reflect all currently available information and any price changes that are not based on newly revealed information thus are inherently unpredictable. Others disagree and those with this viewpoint possess ...
Motilal Oswal Financial Services was set up by Motilal Oswal and Raamdeo Agrawal as a broking house in 1987. [5] The company entered into investment banking in 2005, followed by private equity fund in 2006. [6] In February 2006, the company acquired Peninsular Capital Markets, a Cochin, Kerala based broking company for Rs. 35 crore. [7]
However, instead of joining the family trade, Oswal decided to pursue formal education. He studied at the SPU Jain College in Falna before moving to Mumbai to study CA. In 1987, during his stay at a Mumbai hostel, the Rajasthan Vidyarthi grih Oswal met Raamdeo Agarwal, his friend with whom he later founded Motilal Oswal Financial Services. [2]
In 1994, he joined Motilal Oswal to start its institutional desk before moving to UBS in 1996. In 2001, he joined Reliance Mutual Fund. [3] Kela was awarded the Business Standard Equity Fund Manager of the Year (2004) by Manmohan Singh, the then Prime Minister of India. [4]
[4] [5] The investments through the IPO exceeded the target set by the company by a magnitude of over 50 times by the end of the year, raising ₹ 2,511 crore (equivalent to ₹ 31 billion or US$360 million in 2023) in the process. [6] This decreased the promoters' stake in the company from 75% to 26.11% by 2002 causing complications.
[1] Monte Carlo Fashions limited is selling its apparel products under the brand name of Monte Carlo [2] [3] [4] which was established in 1984 [5] [6] by Oswal Woollen Mills Limited [5] and is owned by parent company Nahar Group [7] based in Ludhiana, Punjab. Jawahar Lal Oswal Jain is the chairman and managing director of the company.
S. P. Oswal Jain is an Indian industrialist and the present head of the Vardhman Group [1] The Government of India honoured him in 2010, with the Padma Bhushan, the third highest civilian award, for his services to the fields of trade and industry.