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Motilal Oswal Initiates Turtlemint Coverage with 41% Upside

By Stocks Desk · 2026-09-17 · Updated 2026-09-17 08:04 UTC
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Illustration: Tradingbird

Turtlemint shares climbed 7% after Motilal Oswal initiated coverage with a buy rating and a 41% upside target, citing indirect cost efficiency as the primary driver for future margin expansion. The brokerage projects that a shift toward activation and productivity will lead to EBITDA breakeven in FY27 and significant margin growth by FY29.

  • According to GN stocks/shares-surge, the brokerage notes that Turtlemint’s operating leverage is reaching an inflection point as its growth strategy shifts from recruitment to activation. This transition is expected to drive adjusted EBITDA breakeven in FY27, with the report highlighting that corporate overheads will grow at a modest 6% CAGR over the next three years.

    Source: TradingView

  • Turtlemint shares rose 7% after Motilal Oswal initiated coverage, citing indirect cost efficiency as the primary driver for future margin expansion.

    Source: Moneycontrol.com
Based on reporting by Moneycontrol.com and TradingView, compiled by the Tradingbird desk.

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