Buy L&T Finance Holdings, target Rs 158: Dr CK Narayan

Dr CK Narayan of Chart Advise has buy call on L&T Finance Holdings Ltd. with a target price of Rs 158. The current market price of L&T Finance Holdings Ltd. is Rs 151.5 Time period given by analyst is Intra Day when L&T Finance Holdings Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 148. L&T Finance Holdings Ltd., incorporated in 2008, is a largecap company with a market cap of Rs 30282.01 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 31-12-2018, the company has reported a Consolidated sales of Rs 3243.99 Crore, down -.07 % from last quarter Sales of Rs 3246.30 Crore and up 23.34 % from last year same quarter Sales of Rs 2630.17 Crore Company has reported net profit after tax of Rs 580.96 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 31-12-2018, the company has a total of 1,997,331,860 shares outstanding.