Buy L&T Finance Holdings, target Rs 192: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 192. The current market price of L&T Finance Holdings Ltd. is Rs 180.75 Time period given by the analyst is Intra Day when L&T Finance Holdings Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 175. L&T Finance Holdings Ltd., incorporated in the year 2008, is a largecap company with a market cap of Rs 36096.67 crore.

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 30-06-2018, the company has reported a Consolidated sales of Rs 3041.04 Crore, up 10.65 % from last quarter Sales of Rs 2748.34 Crore and up 34.64 % from last year same quarter Sales of Rs 2258.70 Crore Company has reported net profit after tax of Rs 539.83 Crore in latest quarter. The company’s top management includes Dr.(Mrs.)Rajani Gupte, Mr.B Prabhakar, 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. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 30-06-2018, the company has a total of 1,995,754,710 shares outstanding.