Buy L&T Finance Holdings, target Rs 142: Jay Thakkar

Jay Thakkar of Anand Rathi has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 142. The current market price of L&T Finance Holdings Ltd. is Rs 135.9 Time period given by the analyst is Intra Day when L&T Finance Holdings Ltd. price can reach the defined target. Jay Thakkar recommended to keep stoploss at Rs 133. L&T Finance Holdings Ltd., incorporated in 2008, is a largecap company with a market cap of Rs 27243.61 crore.

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend which contributed Rs 376.92 Crore to Sales Value (83.77 % of Total Sales) and Interest which contributed Rs 73.01 Crore to Sales Value (16.22 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-09-2018, the company has reported a Consolidated sales of Rs 3246.30 Crore, up 6.75 % from last quarter Sales of Rs 3041.04 Crore and up 36.18 % from last year same quarter Sales of Rs 2383.82 Crore Company has reported net profit after tax of Rs 559.12 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Rajani Gupte, Mr.B Prabhakar, Mr.Dinanath Dubhashi, Mr.Harsh Mariwala, Mr.P V Bhide, Mr.Pavninder Singh, Mr.R Shankar Raman, Mr.S V Haribhakti, Mr.T Thomas Mathew, Ms.Nishi Vasudeva. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-09-2018, the company has a total of 1,997,049,785 shares outstanding.