Motilal Oswal Downgrades Updater Services To 'Neutral' Amid Guidance Cuts, Near-Term Headwinds

3 days ago 7

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Motilal Oswal downgrades Updater to Neutral and revises target price, as weaker BSS trends, lower overall guidance, margin pressures from client issues, ramp-up costs limit near-term visibility.

07 Nov 2025, 12:47 PM IST i

07 Nov 2025, 12:47 PM IST

07 Nov 2025, 12:47 PM IST

<div class="paragraphs"><p>Given limited near-term triggers, Motilal Oswal downgrades Updater Services stock to Neutral.</p><p> (Image source: Unsplash)</p></div>

Given limited near-term triggers, Motilal Oswal downgrades Updater Services stock to Neutral.

(Image source: Unsplash)

Motilal Oswal cuts its earnings estimates by 12%/8% for FY26E/FY27E to reflect the slower growth trajectory and margin pressures across both IFM and BSS segments. Updater's management’s guidance downgrade to 9–10% growth for FY26 (from 13–15% earlier), coupled with persistent weakness in the BSS portfolio, suggests a more gradual recovery ahead.

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