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Buy L&T Finance Holdings, price target Rs 121: Kunal Bothra

The analyst suggested a stoploss at Rs 112.25.

ETMarkets.com|
Updated: Dec 09, 2019, 12.23 PM IST
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L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 22625.75 Crore) operating in NBFC sector.
Kunal Bothra has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 121.0 . The current price of L&T Finance Holdings Ltd. is Rs 115.05 . Kunal Bothra recommended to keep a stoploss at Rs 112.25 .

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 22625.75 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.

The company’s top management includes Dr.(Mrs.)Rajani Gupte, Mr.B Prabhakar, Mr.Dinanath Dubhashi, 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 30-09-2019, the company has a total of 2,000,480,460 shares outstanding.
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