This report has a one sided view of things. Very bullish, it does not even mention a single downside risk to the share price. I am not saying that it is wrong, just that it does not provide a balanced point of view. Motilal Oswal is also the largest MF shareholder in Manpasand Beverages. Coming out with a very bullish buy rating on their portfolio company does not seem professionally or ethically right to me.
Are there no SEBI rules/guidelines against this?
Disclosure: Hold a small tracking position. Less than 1% of my portfolio.