Buy L&T Finance Holdings, target price Rs 101: ICICI Direct

ICICI Direct has buy call on L&T Finance Holdings with a target price of Rs 101. The current market price of L&T Finance Holdings Ltd. is Rs 91.1.

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 22274.40 Crore) operating in NBFC sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3587.18 Crore, down -.97 % from last quarter Total Income of Rs 3622.16 Crore and up 4.67 % from last year same quarter Total Income of Rs 3427.22 Crore. Company reported net profit after tax of Rs 265.97 Crore in latest quarter.

Investment Rationale
The daily MACD has recently generated a buy signal and is in up trend thus supports the positive bias

Promoter/FII Holdings
Promoters held 63.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 9.4 per cent, DIIs 5.3 per cent and public and others 21.7 per cent.


(Views and recommendations given in this section are the analysts' own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.)