L&T Finance Holdings share price: Buy L&T Finance Holdings, target price Rs 85: Yes Stocks

L&T Finance Holdings share price: Buy L&T Finance Holdings, target price Rs 85: Yes Stocks

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 19332.30 Crore) operating in NBFC sector.

Time period given by analyst is Intra Day when L&T Finance Holdings Ltd. price can reach defined target.

Highlights

  • Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 3134.46 Crore, down -2.09 % from last quarter Total Income of Rs 3201.49 Crore and down -10.67 % from last year same quarter Total Income of Rs 3508.91 Crore. Company reported net profit after tax of Rs 222.99 Crore in latest quarter.

  • L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend, Interest for the year ending 31-Mar-2021.

Promoter/FII Holdings Promoters held 63.59 per cent stake in the company as of 30-Jun-2021, while FIIs owned 8.79 per cent, DIIs 6.57 per cent.

Investment RationaleMonday’s bullish candle with a large lower shadow ensures an immediate floor near Rs 75 for the stock. Sustenance above the level of Rs 78 could mean that the stock is due for mean reversion.

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