Buy L&T Finance Holdings, target Rs 195: Vikas Jain

Buy L&T Finance Holdings Ltd. at a price target of Rs 195.0 and a stop loss at Rs 162 from entry point.

Vikas Jain of Reliance Securities has a buy call on L&T Finance Holdings with a target price of Rs 195.

The current market price of L&T Finance Holdings is Rs 180.30.

Time period given by the analyst is one month when L&T Finance Holdings price can reach defined target.

Vikas Jain recommended to keep a stop loss at Rs 162.

The stock has made a double bottom near to its 200 day average and closed at 8 day’s high. The sector is in focus with positive momentum and will recover prior damages after a consolidation of 3 weeks.

L&T Finance Holdings, incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 32,879.71 Crore) operating in Finance sector.
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