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

Yes Securities has buy call on L&T Finance Holdings with a target price of Rs 85. The current market price of L&T Finance Holdings is Rs 78.25.

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

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.


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


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.

Investment Rationale
Monday’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.

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.