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Buy L&T Finance Holdings, target Rs 123: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on L&T Finance ..

Dr CK Narayan of Chart Advise has a buy call on L&T Finance Holdings Ltd. with a target price of Rs 123. The current market price of L&T Finance Holdings Ltd. is Rs 119.6. Time period given by the analyst is Intra Day when L&T Finance Holdings Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 115. L&T Finance Holdings Ltd., incorporated in 2008, has a market cap of Rs 23914.44 crore.
L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend which contributed Rs 376.92 Crore to Sales Value (83.77 % of Total Sales) and Interest which contributed Rs 73.01 Crore to Sales Value (16.22 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 3304.23 Crore, up 1.86 % from last quarter Sales of Rs 3243.99 Crore and up 20.23 % from last year same quarter Sales of Rs 2748.34 Crore Company has reported net profit after tax of Rs 552.12 Crore in latest quarter. The companys top management includes Dr.(Mrs.)RajRead More – Source

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