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Buy L&T Finance Holdings, target Rs 209: Chandan Taparia

Buy L&T Finance Holdings at a price target of Rs 209 and a stop loss at Rs 189 from entry point.

ETMarkets.com|
Oct 03, 2017, 11.43 AM IST
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Chandan Taparia of Motilal Oswal Securities has a buy call on L&T Finance Holdings with a target price of Rs 209.

The current market price of L&T Finance Holdings is Rs 195.

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

Chandan Taparia recommended to keep a stop loss at Rs 189.

L&T Finance Holdings, incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 35,513.69 Crore) operating in Finance sector.

L&T Finance Holdings key Products/Revenue Segments include Dividend which contributed Rs 226.33 Crore to Sales Value (81.53 per cent of Total Sales) and Interest which contributed Rs 51.24 Crore to Sales Value (18.46 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 2,258.70 Crore, up 4.45 per cent from last quarter Sales of Rs 2,162.56 Crore and up 13.13 per cent from last year same quarter Sales of Rs 1,996.49 Crore.

Company has reported net profit after tax of Rs 309.01 Crore in latest quarter.

The company’s top management includes Mr.Dinanath Dubhashi, Mr.Harsh Mariwala, Mr.P V Bhide, Mr.Pavninder Singh, Mr.R Shankar Raman, Mr.Shailesh Haribhakti, Mr.T Thomas Mathew, Ms.Nishi Vasudeva, Ms.Vaishali Kasture.

Company has Deloitte Haskins & Sells LLP as its auditors.

As on 30-06-2017, the company has a total of 1,821,214,997 shares outstanding.

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