{"id":241482,"date":"2026-09-10T15:13:05","date_gmt":"2026-09-10T09:43:05","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=241482"},"modified":"2026-09-10T15:13:05","modified_gmt":"2026-09-10T09:43:05","slug":"multibagger-broking-stock-rises-363-percent-in-3-years","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/","title":{"rendered":"This Multibagger Broking Stock Rises 363% in 3 Years: Fund Flows Power the Rally"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>CMP approximately Rs 1,012 (10 Sep 2026). 3-year return 363.01% (bonus-adjusted). 52W range Rs 614.90 to Rs 1,097.10. Market cap Rs 61,618 Cr. Q1 FY27 PAT Rs 1,274 Cr.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">Motilal Oswal Financial Services is the multibagger broking stock behind a bonus-adjusted return of approximately 363% in three years. The rally came from record profits in FY24 and FY25, a fast-growing asset management arm and rising private wealth AUM. The 1-year return is a more modest 13.92%, and the stock now trades at a PE near 31.<\/p>\n<\/div>\n<p>This multibagger broking stock has turned Rs 1 lakh into approximately Rs 4.63 lakh in three years. One capital markets and wealth firm delivered a 3-year return of 363.01%, ranking 10th in a screen of 101 large-cap and mid-cap NSE shares as of 10 September 2026.<\/p>\n<p>The company is <strong><a href='https:\/\/univest.in\/stocks\/motilalofs\/motilal-oswal-financial-services-ltd-share-price-today'>Motilal Oswal Financial Services Ltd<\/a> (NSE: MOTILALOFS)<\/strong>, a Mumbai-based group spanning retail and institutional broking, wealth management, private wealth, asset management and housing finance. The Motilal Oswal share price traded near Rs 1,012 on 10 September 2026, down about 1.2% from the previous close of Rs 1,025, and approximately 8% below its 52-week high of Rs 1,097.<\/p>\n<p style=\"margin-top:24px;\"><strong>Click Here &#8211; Get Free Investment Predictions<\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#How_Much_Has_This_Multibagger_Broking_Stock_Returned\" title=\"How Much Has This Multibagger Broking Stock Returned?\">How Much Has This Multibagger Broking Stock Returned?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Why_Did_This_Multibagger_Broking_Stock_Rise_363_in_3_Years\" title=\"Why Did This Multibagger Broking Stock Rise 363% in 3 Years?\">Why Did This Multibagger Broking Stock Rise 363% in 3 Years?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#1_A_Profit_Surge_in_FY24_and_FY25\" title=\"1. A Profit Surge in FY24 and FY25\">1. A Profit Surge in FY24 and FY25<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#2_The_Asset_Management_Arm_Became_the_Growth_Engine\" title=\"2. The Asset Management Arm Became the Growth Engine\">2. The Asset Management Arm Became the Growth Engine<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#3_Private_Wealth_and_Wealth_Management_Scale\" title=\"3. Private Wealth and Wealth Management Scale\">3. Private Wealth and Wealth Management Scale<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#4_Recent_Recovery_After_a_Tough_Patch\" title=\"4. Recent Recovery After a Tough Patch\">4. Recent Recovery After a Tough Patch<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Financial_Performance_of_the_Multibagger_Broking_Stock\" title=\"Financial Performance of the Multibagger Broking Stock\">Financial Performance of the Multibagger Broking Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Valuation_and_Shareholding_of_Motilal_Oswal\" title=\"Valuation and Shareholding of Motilal Oswal\">Valuation and Shareholding of Motilal Oswal<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Key_Risks_for_the_Multibagger_Broking_Stock\" title=\"Key Risks for the Multibagger Broking Stock\">Key Risks for the Multibagger Broking Stock<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Motilal_Oswal_Share_Analyst_View\" title=\"Motilal Oswal Share: Analyst View\">Motilal Oswal Share: Analyst View<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Motilal_Oswal_Share_Price_Target\" title=\"Motilal Oswal Share Price Target\">Motilal Oswal Share Price Target<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Conclusion\" title=\"Conclusion\">Conclusion<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Which_multibagger_broking_stock_rose_363_in_3_years\" title=\"Which multibagger broking stock rose 363% in 3 years?\">Which multibagger broking stock rose 363% in 3 years?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Is_the_363_return_adjusted_for_the_Motilal_Oswal_bonus_issue\" title=\"Is the 363% return adjusted for the Motilal Oswal bonus issue?\">Is the 363% return adjusted for the Motilal Oswal bonus issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#What_is_the_Motilal_Oswal_share_price_today\" title=\"What is the Motilal Oswal share price today?\">What is the Motilal Oswal share price today?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#Why_did_the_Motilal_Oswal_share_rise_so_much\" title=\"Why did the Motilal Oswal share rise so much?\">Why did the Motilal Oswal share rise so much?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#How_has_Motilal_Oswal_performed_in_the_last_year\" title=\"How has Motilal Oswal performed in the last year?\">How has Motilal Oswal performed in the last year?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#What_is_the_Motilal_Oswal_share_price_target\" title=\"What is the Motilal Oswal share price target?\">What is the Motilal Oswal share price target?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#What_were_Motilal_Oswal_Q1_FY27_results\" title=\"What were Motilal Oswal Q1 FY27 results?\">What were Motilal Oswal Q1 FY27 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/univest.in\/blogs-2\/multibagger-broking-stock-rises-363-percent-in-3-years\/#What_are_the_key_risks_for_Motilal_Oswal_shares\" title=\"What are the key risks for Motilal Oswal shares?\">What are the key risks for Motilal Oswal shares?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"How_Much_Has_This_Multibagger_Broking_Stock_Returned\"><\/span><strong>How Much Has This Multibagger Broking Stock Returned?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This multibagger broking stock has returned approximately 363% in three years and 373% in five years. The recent run of the multibagger broking stock is far calmer: the 1-year gain is 13.92%, which ranks only 67th out of 101 stocks screened, while the last six months delivered a sharper 52.8%.<\/p>\n<p>Here is how the multibagger broking stock has performed across time frames, with its rank in a screen of 101 NSE stocks:<\/p>\n<table>\n<thead>\n<tr>\n<th>Period<\/th>\n<th>Return (%)<\/th>\n<th>Rank (out of 101)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>1 Month<\/td>\n<td>13.91%<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>6 Months<\/td>\n<td>52.80%<\/td>\n<td>28<\/td>\n<\/tr>\n<tr>\n<td>1 Year<\/td>\n<td>13.92%<\/td>\n<td>67<\/td>\n<\/tr>\n<tr>\n<td>3 Years<\/td>\n<td>363.01%<\/td>\n<td>10<\/td>\n<\/tr>\n<tr>\n<td>5 Years<\/td>\n<td>372.84%<\/td>\n<td>26<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>All returns are simple price changes, not annualised, and are adjusted for the 3:1 bonus issue. The company issued three free shares for every one share held, with a record and ex-date of 10 June 2024. It was the first bonus issue in the history of this multibagger broking stock.<\/p>\n<p>The bonus quadrupled the share count and cut the quoted price to roughly a quarter, but it did not change the value of any holding. On an adjusted basis, the multibagger broking stock traded near Rs 219 three years ago, which equals about Rs 875 before the bonus. Today it trades near Rs 1,012, so the 363% gain is genuine price appreciation, not a bonus artifact.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Why_Did_This_Multibagger_Broking_Stock_Rise_363_in_3_Years\"><\/span><strong>Why Did This Multibagger Broking Stock Rise 363% in 3 Years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This multibagger broking stock rose 363% because its business mix shifted towards steady fee income just as Indian retail investors poured money into equities. Asset management grew into the largest profit engine, private wealth scaled up, and treasury gains amplified reported earnings in the strong market years of FY24 and FY25.<\/p>\n<p>The drivers changed over the three years. Early in the window for the multibagger broking stock, a surge in market activity and treasury income did the heavy lifting. More recently, asset management and private wealth growth have carried the multibagger broking stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_A_Profit_Surge_in_FY24_and_FY25\"><\/span><strong>1. A Profit Surge in FY24 and FY25<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Net profit jumped from Rs 933 crore in FY23 to Rs 2,446 crore in FY24, a rise of about 162%. Revenue climbed approximately 70% to Rs 7,131 crore in the same year as trading volumes, IPO activity and client additions hit records.<\/p>\n<p>The momentum carried into FY25. In Q2 FY25, the company posted a then-record quarterly profit of Rs 1,242 crore, around 2.2 times the year-ago figure, with treasury profit doubling to Rs 701 crore. That period marked the steepest leg of the rally in this multibagger broking stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_The_Asset_Management_Arm_Became_the_Growth_Engine\"><\/span><strong>2. The Asset Management Arm Became the Growth Engine<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The asset management business has grown into the biggest single contributor for the multibagger broking stock. Its combined AUM across mutual funds, portfolio management and alternative funds crossed Rs 1.5 lakh crore in July 2025, up from about Rs 35,180 crore in June 2020, a compound annual growth rate of approximately 34%.<\/p>\n<p>Net flows reached Rs 48,450 crore in FY25, and its market share in equity schemes rose to 7.8% from 1.9% a year earlier. In FY26, asset management PAT grew 55% to Rs 798 crore, and in Q1 FY27 it rose 73% to Rs 245 crore, about 40% of total profit. Investors pay a higher multiple for this annuity-like income in a multibagger broking stock, which rerated the multibagger broking stock.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Private_Wealth_and_Wealth_Management_Scale\"><\/span><strong>3. Private Wealth and Wealth Management Scale<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>Private wealth AUM grew about 36% year on year to Rs 1.97 lakh crore by March 2026, and segment PAT rose 15% to Rs 368 crore in FY26. In Q1 FY27, private wealth revenue climbed around 42% to Rs 157 crore, while the wider wealth management topline rose approximately 26%.<\/p>\n<p>Total group AUM stood at approximately Rs 2.12 lakh crore at the end of June 2026, up 31% year on year. This steady growth reduces the dependence of the multibagger broking stock on daily trading volumes.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Recent_Recovery_After_a_Tough_Patch\"><\/span><strong>4. Recent Recovery After a Tough Patch<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The last year was bumpy for the multibagger broking stock. Stricter derivatives rules weighed on the core business of the multibagger broking stock, and a Rs 1,054 crore treasury mark-to-market loss, including other comprehensive income, pushed Q4 FY26 into a reported net loss of about Rs 219 crore.<\/p>\n<p>Operating profit held up, though. Q4 FY26 operating PAT rose 25% to Rs 661 crore, and Q1 FY27 reported profit bounced to Rs 1,274 crore. The multibagger broking stock first fell around 11% intraday on the Q1 day in July 2026 on weak core broking growth, but then recovered, rising 13.91% in the last month alone.<\/p>\n<p style=\"margin-top:24px;\"><strong>Check the Univest Screener for Live Fundamentals of High-Return Stocks<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Financial_Performance_of_the_Multibagger_Broking_Stock\"><\/span><strong>Financial Performance of the Multibagger Broking Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Revenue of the multibagger broking stock has more than doubled in four years, from Rs 4,316 crore in FY22 to Rs 9,416 crore in FY26. Reported profit is more volatile because treasury investments are marked to market every quarter.<\/p>\n<table>\n<thead>\n<tr>\n<th>Quarter<\/th>\n<th>Revenue (Rs Cr)<\/th>\n<th>EBITDA (Rs Cr)<\/th>\n<th>Net Profit (Rs Cr)<\/th>\n<th>Net Margin (%)<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Jun 2025<\/td>\n<td>2,744<\/td>\n<td>1,727<\/td>\n<td>1,156<\/td>\n<td>42.6<\/td>\n<\/tr>\n<tr>\n<td>Sep 2025<\/td>\n<td>1,860<\/td>\n<td>851<\/td>\n<td>363<\/td>\n<td>19.7<\/td>\n<\/tr>\n<tr>\n<td>Dec 2025<\/td>\n<td>2,120<\/td>\n<td>1,114<\/td>\n<td>566<\/td>\n<td>27.1<\/td>\n<\/tr>\n<tr>\n<td>Mar 2026<\/td>\n<td>2,692<\/td>\n<td>221<\/td>\n<td>-219<\/td>\n<td>-8.4<\/td>\n<\/tr>\n<tr>\n<td>Jun 2026<\/td>\n<td>3,432<\/td>\n<td>1,976<\/td>\n<td>1,274<\/td>\n<td>37.2<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>For the multibagger broking stock, the June 2026 quarter was the strongest in the table, with revenue up about 25% year on year and net profit up approximately 10%. The March 2026 loss reflects the treasury mark-to-market hit, not a collapse in the operating business.<\/p>\n<p>On a yearly basis, FY26 net profit fell to Rs 1,865 crore from Rs 2,508 crore in FY25, while FY26 operating PAT rose 16% to Rs 2,360 crore. Investors in the multibagger broking stock should track operating PAT alongside reported profit, since the gap between the two can be large.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_and_Shareholding_of_Motilal_Oswal\"><\/span><strong>Valuation and Shareholding of Motilal Oswal<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>At around Rs 1,012, the multibagger broking stock is valued at approximately Rs 61,618 crore. The multibagger broking stock trades at a PE of about 31, slightly below the industry PE of around 35.<\/p>\n<table>\n<thead>\n<tr>\n<th>Metric<\/th>\n<th>Value<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Market Cap<\/td>\n<td>Rs 61,618 Cr<\/td>\n<\/tr>\n<tr>\n<td>PE Ratio<\/td>\n<td>31.07<\/td>\n<\/tr>\n<tr>\n<td>Industry PE<\/td>\n<td>34.74<\/td>\n<\/tr>\n<tr>\n<td>PB Ratio<\/td>\n<td>4.78<\/td>\n<\/tr>\n<tr>\n<td>ROE<\/td>\n<td>14.50%<\/td>\n<\/tr>\n<tr>\n<td>Debt to Equity<\/td>\n<td>1.65<\/td>\n<\/tr>\n<tr>\n<td>Dividend Yield<\/td>\n<td>0.59%<\/td>\n<\/tr>\n<tr>\n<td>52-Week High \/ Low<\/td>\n<td>Rs 1,097.10 \/ Rs 614.90<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The price-to-book ratio of 4.78 for this multibagger broking stock reflects the premium the market places on its asset management franchise. Debt to equity of 1.65 is linked mainly to margin funding and the housing finance book, which is normal for a diversified broking group.<\/p>\n<p>Promoters held 67.20% at the end of June 2026, down marginally from 67.80% a year earlier. Foreign institutional holding stood at 6.86% and domestic institutions at 6.78%, up from 5.44% in June 2025, a sign that local funds have been adding to the multibagger broking stock.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Key_Risks_for_the_Multibagger_Broking_Stock\"><\/span><strong>Key Risks for the Multibagger Broking Stock<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The biggest risk for any multibagger broking stock is market dependence. Broking, wealth and asset management revenue all rise and fall with equity markets, so a prolonged correction would hit flows, fees and trading volumes together.<\/p>\n<p>Treasury volatility is the second risk for the multibagger broking stock. The company holds a large investment book, including stakes in its own funds, and marked-to-market swings can turn a profitable quarter into a reported loss, as Q4 FY26 showed.<\/p>\n<p>Regulation is a third risk for this multibagger broking stock. Tighter rules on derivatives trading have already slowed core broking growth, with brokerage revenue up only about 6% in Q1 FY27. Fresh curbs on mutual fund expenses or F&#038;O activity could pressure margins further.<\/p>\n<p>Competition from discount brokers and fast-growing fund houses also remains intense. Working capital is stretched too, with debtor days of around 158 and negative operating cash flow of about Rs 6,071 crore in FY26 as margin funding expanded. Anyone tracking this multibagger broking stock should weigh these factors against the growth story.<\/p>\n<p style=\"margin-top:24px;\"><strong>Download the <a href=\"https:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&amp;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to track the Motilal Oswal share price live<\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Motilal_Oswal_Share_Analyst_View\"><\/span><strong>Motilal Oswal Share: Analyst View<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Analyst views on the Motilal Oswal share are positive but show limited near-term upside. Five analysts track this multibagger broking stock, and the consensus rating is Buy, according to publicly compiled estimates.<\/p>\n<p>Independent research houses have focused on the growth in asset management and private wealth as the key reasons for a constructive stance, while flagging treasury volatility and slower broking as the main concerns. The multibagger broking stock has already moved close to many of their targets after the last month&#8217;s rally.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Motilal_Oswal_Share_Price_Target\"><\/span><strong>Motilal Oswal Share Price Target<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>The average Motilal Oswal share price target from five analysts is approximately Rs 1,121, around 11% above the current price. The highest target is Rs 1,250, while the lowest is Rs 1,024. In June 2026, a foreign brokerage initiated coverage with a Buy rating and a Motilal Oswal share price target of Rs 1,150.<\/p>\n<p>Earlier, in February 2026, a domestic brokerage upgraded the stock to Buy with a Motilal Oswal share price target of Rs 975, a level the stock has since crossed. The company&#8217;s own research arm is not counted here. For technical levels, the 52-week high of Rs 1,097 is the nearest resistance for the Motilal Oswal share price, while Rs 950 and the 200-day average near Rs 860 were cited as support zones earlier in the year.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span><strong>Conclusion<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>This multibagger broking stock turned Rs 1 lakh into about Rs 4.63 lakh in three years, helped by record profits in FY24 and FY25, a booming asset management arm and fast-growing private wealth. The 363% gain is adjusted for the 2024 bonus issue and reflects real price appreciation.<\/p>\n<p>For the multibagger broking stock, the past year was slower, with a 13.92% return and a reported loss in Q4 FY26 due to treasury swings. With a PE near 31, rising AUM and a strong recent quarter, the Motilal Oswal share price now depends on sustained fund flows, stable markets and a recovery in core broking.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information and may or may not be accurate. Please verify all data independently before making any investment decision. Past returns do not guarantee future returns. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Which_multibagger_broking_stock_rose_363_in_3_years\"><\/span><strong>Which multibagger broking stock rose 363% in 3 years?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Motilal Oswal Financial Services (NSE: MOTILALOFS) is the multibagger broking stock that gained approximately 363.01% in three years as of 10 September 2026. It ranked 10th among 101 large-cap and mid-cap NSE stocks screened for this period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_the_363_return_adjusted_for_the_Motilal_Oswal_bonus_issue\"><\/span><strong>Is the 363% return adjusted for the Motilal Oswal bonus issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Yes. The company issued a 3:1 bonus with a record date of 10 June 2024, and the returns are bonus-adjusted. The adjusted price three years ago was about Rs 219, compared with around Rs 1,012 today.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Motilal_Oswal_share_price_today\"><\/span><strong>What is the Motilal Oswal share price today?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The Motilal Oswal share price was approximately Rs 1,012 on 10 September 2026, down about 1.2% on the day. Its 52-week range is Rs 614.90 to Rs 1,097.10.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Motilal_Oswal_share_rise_so_much\"><\/span><strong>Why did the Motilal Oswal share rise so much?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> This multibagger broking stock rose on record profits in FY24 and FY25, strong growth in asset management AUM and flows, and a scaling private wealth business. Treasury gains in strong market years also boosted reported earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_Motilal_Oswal_performed_in_the_last_year\"><\/span><strong>How has Motilal Oswal performed in the last year?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The multibagger broking stock returned 13.92% over one year, ranking 67th out of 101 stocks screened. Stricter derivatives rules and a treasury loss in Q4 FY26 slowed the rally before a recovery in recent months.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_is_the_Motilal_Oswal_share_price_target\"><\/span><strong>What is the Motilal Oswal share price target?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The average analyst target is approximately Rs 1,121, with a range of Rs 1,024 to Rs 1,250. A foreign brokerage set a target of Rs 1,150 in June 2026 with a Buy rating.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_Motilal_Oswal_Q1_FY27_results\"><\/span><strong>What were Motilal Oswal Q1 FY27 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit was about Rs 1,274 crore, up around 10% year on year, and operating revenue rose about 25% to Rs 3,426 crore. Group AUM reached approximately Rs 2.12 lakh crore, up 31%.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_risks_for_Motilal_Oswal_shares\"><\/span><strong>What are the key risks for Motilal Oswal shares?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are dependence on equity markets, treasury mark-to-market swings, tighter derivatives and mutual fund regulation, and competition from discount brokers. High debtor days and negative operating cash flow are also worth watching.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Which multibagger broking stock rose 363% in 3 years?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Motilal Oswal Financial Services (NSE: MOTILALOFS) is the multibagger broking stock that gained approximately 363.01% in three years as of 10 September 2026. 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Group AUM reached approximately Rs 2.12 lakh crore, up 31%.\"}},{\"@type\":\"Question\",\"name\":\"What are the key risks for Motilal Oswal shares?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"The main risks are dependence on equity markets, treasury mark-to-market swings, tighter derivatives and mutual fund regulation, and competition from discount brokers. High debtor days and negative operating cash flow are also worth watching.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>One broking and wealth share turned Rs 1 lakh into roughly Rs 4.63 lakh in three years. Here is what powered the 363% rally and the risks investors should weigh.<\/p>\n","protected":false},"author":29,"featured_media":241481,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[845],"tags":[],"class_list":["post-241482","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-best-stocks"],"metadata":{"rank_math_internal_links_processed":["1"],"_thumbnail_id":["241481"],"rank_math_title":["Multibagger Broking Stock Up 363% in 3 Years: Why It Rallied"],"rank_math_description":["This multibagger broking stock rose approximately 363% in 3 years on record profits, booming fund flows and private wealth growth. 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