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

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