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'Buy' 360 ONE WAM For A Target Price Of Rs 1250 — Motilal Oswal

Motilal Oswal is bullish on 360 One Wam and has set target price of Rs 1250, maintaining 'Buy' rating on the share

<div class="paragraphs"><p>360ONE acquired 100% of B&amp;K Securities recently for a consideration of Rs 18.84 billion.</p><p>File image. (Photo source: Company)</p></div>
360ONE acquired 100% of B&K Securities recently for a consideration of Rs 18.84 billion.

File image. (Photo source: Company)

B&K acquisition is a strategic fit for 360ONE as it will enhance its business in multiple ways: it will provide equity advisory to existing clients; corporate advisory of B&K will benefit from the product portfolio of 360ONE; and the corporate relationships of 360ONE will help to scale up the international business business. The deal is likely to be EPS-accretive by 3-5%.
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