Motilal Oswal shares jump 5% after UBS initiates coverage with 'Buy', sets Rs 1,150 target

Shares of Motilal Oswal Financial Services rose sharply on Friday after UBS initiated coverage with a 'Buy' rating and Rs 1,150 target price. The brokerage cited strong AUM growth prospects, recurring revenue expansion, and benefits from India's long-term financialisation trend.