Motilal Oswal Financial Services (MOFSL) is recommending investors buy shares of Piramal Finance following a meeting with the company's Managing Director & CEO, according to a recent report. The recommendation comes as Piramal Finance has undergone a substantial shift in its business model over the past four years.

MOFSL highlighted a significant structural transition within Piramal Finance. The company has moved away from a business model heavily reliant on wholesale lending towards a more diversified approach, with a focus on retail lending. This shift represents a key strategic change for the financial institution.

The details of the meeting with the MD & CEO were not fully disclosed in the report, but MOFSL’s analysts appear to be optimistic about the company’s current trajectory and future prospects given this transformation. The report suggests that the retail-led franchise is a positive development for Piramal Finance, positioning it for potentially stronger and more sustainable growth.