Buy L&T Finance, price target Rs 122: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 122. The current price of L&T Finance Holdings Ltd. is Rs 118.2. Kunal Bothra recommended to keep a stop loss at Rs 113.

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 22895.81 Crore) operating in NBFC sector.

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend which contributed Rs 343.79 Crore to Sales Value (71.30 % of Total Sales), Interest which contributed Rs 137.94 Crore to Sales Value (28.61 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs .38 Crore to Sales Value (0.07 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3611.31 Crore, up .47 % from last quarter sales of Rs 3594.54 Crore and up 12.16 % from last year same quarter sales of Rs 3219.89 Crore Company has reported net profit after tax of Rs 174.51 Crore in latest quarter.