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Buy L&T Finance Holdings, target Rs 220: Manas Jaiswal

Buy L&T Finance Holdings Ltd. at a price target of Rs 220.0 and a stoploss at Rs 206 from entry point.

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Last Updated: Sep 22, 2017, 10.38 AM IST|Original: Sep 22, 2017, 10.38 AM IST
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Manas Jaiswal of manasjaiswal.com has buy call on L&T Finance Holdings Ltd. with a target price of Rs 220.0 . The current market price of L&T Finance Holdings Ltd. is Rs 206.8 Time period given by analyst is Intra Day when L&T Finance Holdings Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 206.
L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 38445.85 Crore) operating in Finance sector.

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend which contributed Rs 226.33 Crore to Sales Value (81.53 % of Total Sales) and Interest which contributed Rs 51.24 Crore to Sales Value (18.46 % 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 2258.70 Crore, up 4.45 % from last quarter Sales of Rs 2162.56 Crore and up 13.13 % from last year same quarter Sales of Rs 1996.49 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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