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Buy L&T Finance Holdings target Rs 215: Manas Jaiswal

Buy L&T Finance Holdings at a price target of Rs 215 and a stoploss at Rs 199 from entry point.

Sep 06, 2017, 08.42 AM IST
Manas Jaiswal of manasjaiswal.com has buy call on L&T Finance Holdings with a target price of Rs 215.

The current market price of L&T Finance Holdings is Rs 204.9.

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

Manas Jaiswal recommended to keep stoploss at Rs 199.

L&T Finance Holdings, incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 37,316.70 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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