Motilal Oswal, co-founder of the Motilal Oswal Group, on Thursday issued a robust public rebuttal to
social media allegations questioning the agency’s analysis integrity and fund administration practices. Oswal was responding to an X submit by consumer Ashish Garg (@Ashishkafunda), who claimed that the sudden fall in Kaynes Know-how shares on Tuesday was triggered by Motilal Oswal promoting 8.17 lakh shares price round Rs 489 crore at Rs 6,000 every, instantly after the lock-in interval ended.
Garg additionally identified the “irony” that the brokerage had issued a ‘Purchase’ ranking with an Rs 8,200 goal on the inventory simply two weeks earlier. Oswal dismissed such claims as “false, garbage and utterly unjustified,” asserting that the group maintains strict processes, impartial analysis, and no private transactions in proprietary accounts.
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