L&T Finance: Retail shift slowly playing out, credit cost remains a concern

While disbursements improved in Q3, asset quality trend remains an uncomfortable patch

Topics
L&T Finance | retail loans | Tractor loans

Hamsini Karthik  |  Mumbai 

After a steep decline on Monday in reaction to its results announced on Friday, after market hours, L&T Finance Holding stock gained over seven per cent in the bourses on Tuesday. The stock price movement was primarily on account of the rights issue priced at Rs 65 a share that will open later this week.

While the rights issue priced attractively provides an opportunity for exiting investors to average their holding costs, the important aspect to take note of is the gradually changing construct of the lender’s balance sheet more in favour of retail assets. In December quarter ...

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First Published: Tue, January 19 2021. 18:34 IST
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