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Stock of the day : Buy L&T Finance Holdings Ltd For Target Rs. 137 - Religare Broking Ltd L&T Finance Holdings Ltd * L&TFH has been in a steady uptrend from last more than 5 months. The upmove is supported with rise in volumes. * It has registered a breakout from descending parallel channel while holding above its short term average i.e. 20 DEMA. * Set to reclaim its previous swing high. Uptick in volumes is adding to confirmation. * We thus recommend creating fresh longs in the mentioned zone.   Buy L&T Finance Holdings Ltd CMP 126.35; ...
Stock of the day : Buy L&T Finance Holdings Ltd For Target Rs. 137 - Religare Broking Ltd
Stock of the day : Buy L&T Finance Holdings Ltd For Target Rs. 137 - Religare Broking Ltd
Source: Religare Broking Ltd
4/09/2023 11:00:44 AM
Buy L and T Finance Holdings Ltd For Target Rs.2,834 - JM Financial Institutional Securities L&T’s 1QFY24 PAT at INR 24.9bn beat estimate of INR 21.5bn (consensus: INR 19bn) led by higher revenue and higher other income. P&M business EBITDA margin at 7.5% missed estimate of 8.5% but L&T remained confident of meeting its guidance of 9% in FY24 (FY23: 8.6%) with completion of legacy low margin projects in 1H. Order inflows beat estimate and grew 57% YoY to INR 655bn with order backlog at INR 4.1trln (2.9x P&M revenue). NWC remained low at 17% of revenue (16% in Ma...
Buy L and T Finance Holdings Ltd For Target Rs.2,834 - JM Financial Institutional Securities
Buy L and T Finance Holdings Ltd For Target Rs.2,834 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
30/07/2023 2:20:00 PM
Bajaj Finance logs standalone PAT Rs 2,959 cr for Q1 Non-banking finance company Bajaj Finance Ltd on Wednesday said it has logged Rs 2,959.06 crore net profit for the first quarter of FY24. In a regulatory filing, the company said for the period under review it had earned a total income of Rs10,665.69 crore (Q1FY23 Rs 8,146.52 crore) and a net profit of Rs 2,959.06 crore (Rs 2,355.92 crore). On a consolidated basis the company has logged a net profit of Rs 3,436.89 crore (Rs 2,596.25 crore). According to Bajaj Finance, the assets unde...
Bajaj Finance logs standalone PAT Rs 2,959 cr for Q1
Bajaj Finance logs standalone PAT Rs 2,959 cr for Q1
Source: IANS
26/07/2023 2:58:11 PM
Buy L and T Finance Holdings Ltd For Target Rs.160 - ICICI Direct Journey towards retailisation at attractive valuation About the stock: L&T Finance Holding (LTFH) is a leading NBFC catering to the diverse financing needs of underserved customers in urban and rural areas. LTFH is engaged in consumer loans, 2wheeler loans, home loans, MFI, farm & SME loans. • Backed by a strong parent, LTFH has been assigned "AAA" rating • Distribution network remains strong with substantial dealer penetration (2500+ dealers in farm equip...
Buy L and T Finance Holdings Ltd For Target Rs.160 - ICICI Direct
Buy L and T Finance Holdings Ltd For Target Rs.160 - ICICI Direct
Source: ICICI Direct
26/07/2023 1:10:50 PM
L&T Finance to expand its SME Finance business to over 50 cities in this quarter L&T Finance Limited (LTF), one of the leading Non-Banking Financial Companies of the country, plans to expand its SME Finance business to over 50 cities in this quarter ended June 30, 2023. The SME Finance business, which was launched as a pilot in cities of Mumbai and Pune during FY22, has witnessed a steady pickup of business in the last financial year. The business works towards addressing the working capital needs of self-employed professionals and businesses and carries forwar...
L&T Finance to expand its SME Finance business to over 50 cities in this quarter
L&T Finance to expand its SME Finance business to over 50 cities in this quarter
Source: PR Agency
20/05/2023 11:45:41 AM
Stock of the day : Buy L and T Finance Holdings Ltd For Target Rs.108 - Religare Broking  L and T Finance Holdings Ltd * Seeing noticeable traction in the financial pack and L&TFH is also participating in the move. * It has formed a fresh buying pivot, after retesting the previous swing high around 98 levels. * The prevailing buoyancy in the banking and financials space is added positive. * We thus recommend creative longs in the mentioned range. Buy L and T Finance Holdings Ltd CMP 98.15; Range97-99; SL 93; Target 108    ...
Stock of the day : Buy L and T Finance Holdings Ltd For Target Rs.108 - Religare Broking
Stock of the day : Buy L and T Finance Holdings Ltd For Target Rs.108 - Religare Broking
Source: Religare Broking Ltd
16/05/2023 10:17:39 AM
Buy L and T Finance Holdings Ltd For Target Rs.125 - JM Financial Institutional Securities LTFH reported consolidated profit of INR5bn (+47% YoY) led by lower credit costs. NII at INR16.8bn (+18% YoY) and PPOP at INR12.4bn (+9% YoY) were largely in line with our estimates. While overall loan assets declined sharply (-8% YoY, -8.5% QoQ) led by decline in wholesale assets (-53% YoY), retail assets scale up continued at a brisk pace at 35% YoY (as per management’s indicated strategy). Retail assets now form ~75% of the lending assets mix for LTFH. At the analyst meet, mgmt. reit...
Buy L and T Finance Holdings Ltd For Target Rs.125 - JM Financial Institutional Securities
Buy L and T Finance Holdings Ltd For Target Rs.125 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities
4/05/2023 2:54:28 PM
Buy L and T Finance Holdings Ltd For Target Rs.110 - Motilal Oswal Financial Services Ltd Strong growth in the retail book; retail RoA/RoE of 2.5%/14% in FY23 * LTFH reported 4QFY23 consol. PAT of ~INR5b (in line), up 47% YoY. PPOP grew by 12% YoY to INR12.7b (in line), while credit costs came in at ~INR5.2b. FY23 consol. PAT grew 52% YoY to ~INR16.2b. * 4QFY23 retail PAT grew 58% YoY to ~INR4.7b. FY23 retail PAT increased 87% YoY to INR13.8b. Retail RoA/RoE stood at ~2.5%/13.8% in FY23. * Management targets to improve the retail mix to ~90% by Mar’24, which we beli...
Buy L and T Finance Holdings Ltd For Target Rs.110 - Motilal Oswal Financial Services Ltd
Buy L and T Finance Holdings Ltd For Target Rs.110 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
3/05/2023 12:52:21 PM
Buy L and T Finance Holdings Ltd For Target Rs.120 - Motilal Oswal Wholesale running down fast; Retail on a strong footing ? LTFH reported a 3QFY23 consolidated PAT of ~INR4.5b (up 47% YoY, 8% beat), driven by a ~40bp QoQ expansion in NIMs (and fee income) which were aided by an improving retail mix. ? LTFH concluded the sale of its MF business with a pre-tax gain of ~INR26.1b. The proceeds were utilized for one-time exceptional provisions of ~INR26.9b to enable accelerated sell-down of the wholesale book. Management has guided that this would adequately ...
Buy L and T Finance Holdings Ltd For Target Rs.120 - Motilal Oswal
Buy L and T Finance Holdings Ltd For Target Rs.120 - Motilal Oswal
Source: Motilal Oswal
27/03/2023 2:28:55 PM
Buy L and T Finance Holdings Ltd For Target Rs.2,246 - Centrum Broking Strong outlook L&T’s Q3FY23 recurring PAT at Rs24.2bn was below estimate of Rs26bn largely due to miss in E&C and IT business margins. Reported PAT of Rs25.5bn includes net one-time gain of Rs1.36bn on sale of MF business (net of Rs20.1bn write-down in loan book of wholesale financing business). E&C EBITDA at Rs26.8bn missed estimate of Rs28.6bn due to lower than expected infrastructure margins. Order inflows beat estimate and grew 21% YoY to Rs607bn with backlog at Rs3.9...
Buy L and T Finance Holdings Ltd For Target Rs.2,246 - Centrum Broking
Buy L and T Finance Holdings Ltd For Target Rs.2,246 - Centrum Broking
Source: Centrum Broking Ltd
14/03/2023 1:48:27 PM
Buy L and T Finance Holdings Ltd For Target Rs.110 - Geojit Financial Services Jettisoning of non-core businesses gains pace L&T Finance Holdings Ltd (LTFH) offers financial products and services in the corporate, infrastructure and retail finance spaces, as well as fund products and investment services. * In Q3FY23, the company’s net interest margin (NIM) + fees margin improved to 8.80% on account of highest ever quarterly retail disbursement and prudent asset-liability (ALM) management. * Retail mix stood at 64% vis-à-vis 58% in Q2FY23 and 50...
Buy L and T Finance Holdings Ltd For Target Rs.110 - Geojit Financial Services
Buy L and T Finance Holdings Ltd For Target Rs.110 - Geojit Financial Services
Source: Geojit Financial Services Ltd
3/03/2023 12:39:13 PM
Buy L and T Finance Holdings Ltd For Target Rs.120 - ICICI Securities Treading a path to retailisation; marks down wholesale to facilitate accelerated sell-down L&T Finance Holding (LTFH) has reported adjusted consolidated PAT of Rs4.54bn in Q3FY23 (compared to Rs4.1bn/ Rs2.62bn/ Rs3.42bn/ Rs3.26bn/ Rs2.23bn/ Rs1.77bn in Q2FY23/ Q1FY23/ Q4FY22/ Q3FY22/ Q2FY22/ Q1FY22, respectively). Aligning to Lakshya 2026 goals, retail portfolio scaled up 10% QoQ/34% YoY and it has commenced accelerated reduction in wholesale portfolio (down 18% QoQ/24% YoY). This, cou...
Buy L and T Finance Holdings Ltd For Target Rs.120 - ICICI Securities
Buy L and T Finance Holdings Ltd For Target Rs.120 - ICICI Securities
Source: ICICI Securities Ltd
27/02/2023 2:48:54 PM
Buy L&T Finance Holdings Ltd. For Target Rs.110 By Geojit Financial Services Jettisoning of non-core businesses gains pace L&T Finance Holdings Ltd (LTFH) offers financial products and services in the corporate, infrastructure and retail finance spaces, as well as fund products and investment services. • In Q3FY23, the company’s net interest margin (NIM) + fees margin improved to 8.80% on account of highest ever quarterly retail disbursement and prudent asset-liability (ALM) management. • Retail mix stood at 64% vis-à-vis 58% in Q2F...
Buy L&T Finance Holdings Ltd. For Target Rs.110 By Geojit Financial Services
Buy L&T Finance Holdings Ltd. For Target Rs.110 By Geojit Financial Services
Source: Geojit Financial Services Ltd
2/02/2023 1:27:53 PM
Mid Cap : Buy L&T Finance Holdings Ltd For Target Rs.110 - Geojit Financial Services Jettisoning of non-core businesses gains pace L&T Finance Holdings Ltd (LTFH) offers financial products and services in the corporate, infrastructure and retail finance spaces, as well as fund products and investment services. • In Q3FY23, the company’s net interest margin (NIM) + fees margin improved to 8.80% on account of highest ever quarterly retail disbursement and prudent asset-liability (ALM) management. • Retail mix stood at 64% vis-à-vis 58% in Q2F...
Mid Cap : Buy L&T Finance Holdings Ltd For Target Rs.110 - Geojit Financial Services
Mid Cap : Buy L&T Finance Holdings Ltd For Target Rs.110 - Geojit Financial Services
Source: Geojit Financial Services Ltd
19/01/2023 2:35:27 PM
Buy L and T Finance Holdings Ltd For Target Rs.95 - Motilal Oswal Financial Services Ltd Strong PAT beat; healthy Retail loan growth and stable asset quality Expect credit costs to moderate as a large part of the OTR pain is now over LTFH reported a PAT of ~INR4.1b in 2QFY23 (up 82% YoY, 24% beat). Healthy NIM (and fee income) and lower credit costs (driven by utilization of INR4.2b of management overlay to create 100% provisions on OTR slippages) led to the strong earnings. While the company has demonstrated an improvement in NIM, we model in a margin compression in FY24 t...
Buy L and T Finance Holdings Ltd For Target Rs.95 - Motilal Oswal Financial Services Ltd
Buy L and T Finance Holdings Ltd For Target Rs.95 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
28/10/2022 2:00:13 PM
Buy L&T Finance Holdings Ltd For Target Rs.90 - JM Financial Institutional Securities Ltd L&T Finance Holdings (LTFH) delivered 1QFY23 PAT of INR 2.6bn (+47% YoY/ -23% QoQ) as operating performance was moderated (PPOP at INR 11.5bn, +1% YoY/ +1% QoQ). CIR remained elevated at 36% (vs. 32% YoY/ 36% QoQ) as the company focuses on digital initiatives, expanded employee strength and added new MFI meeting centres. Other key highlights for the quarter: i) disbursements (INR 105bn) declined 29% QoQ due to sharp drop in wholesale disbursements (-77% QoQ) as the company focuses on reta...
Buy L&T Finance Holdings Ltd For Target Rs.90 - JM Financial Institutional Securities Ltd
Buy L&T Finance Holdings Ltd For Target Rs.90 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
31/08/2022 12:22:53 PM
Buy L&T Finance Holding Ltd For Target Rs.100 - Emkay Global Real estate asset sale to accelerate retailization * Apollo Global Management is in advanced talks with LTFH to acquire real estate loans worth Rs80-90bn in a deal pegged at $1bn, reported The Economic Times (Link). As of Mar’22, LTFH’s real estate wholesale loan book stood at Rs112bn. * The report suggests the deal is expected to be finalized in the next few weeks. The deal will be carried out via a newly floated alternative investment fund (AIF), co-owned by both LTFH and ...
Buy L&T Finance Holding Ltd For Target Rs.100 - Emkay Global
Buy L&T Finance Holding Ltd For Target Rs.100 - Emkay Global
Source: Emkay Global Financial Services Ltd
24/06/2022 12:37:19 PM
Buy L&T Finance Holdings Ltd. For Target Rs. 90 - Geojit Financial Services Retailisation to drive long-term growth L&T Finance Holdings Limited is a financial holding company offering financial products and services in the corporate, retail and infrastructure finance areas, along with fund products and investment services. • In Q4FY22, NIM + Fees margin was at 8.17% on the back of highest ever quarterly & yearly retail disbursement and lowest ever cost of borrowing of 7.34%. • Retail book increased 10% YoY making retail portfolio mix of 51...
Buy L&T Finance Holdings Ltd. For Target Rs. 90 - Geojit Financial Services
Buy L&T Finance Holdings Ltd. For Target Rs. 90 - Geojit Financial Services
Source: Geojit Financial Services Ltd
14/05/2022 9:34:58 AM
L &T Finance Holdings announces financial results for the quarter & financial year ended March 31, 2022 Digital and data analytics drives best-ever retail disbursements Q4FY22 PAT up by 28% YoY * FY22 PAT at Rs. 1,070 Cr, up 10% YoY. Q4FY22 PAT at Rs. 342 Cr. * Continued strong business momentum backed by inherent business strengths; accelerated   retailisation in FY22 * Highest ever yearly retail disbursements at Rs. 24,901 Cr, up 42% YoY * Highest ever quarterly retail disbursement at ~Rs. 8,100 Cr, up 22% YoYo Retail portfolio mix at 51% (up from 43% in Q4FY21); increa...
L &T Finance Holdings announces financial results for the quarter & financial year ended March 31, 2022
L &T Finance Holdings announces financial results for the quarter & financial year ended March 31, 2022
Source: PR Agency
30/04/2022 9:46:24 AM
Add L and T Finance Holdings Ltd : Lagged AUM growth, elevated credit cost drag earnings - ICICI Securities Add L and T Finance Holdings Ltd For Target Rs.99 Lagged AUM growth, elevated credit cost drag earnings Credit cost at 4%, 6% QoQ decline in AUM and normalisation of NII + fees (from a high base) resulted in lower-than-expected earnings trajectory for L&T Finance Holdings (LTFH) in Q1FY22. Post restructuring of 1.1% of AUM under OTR 2.0, stage-3 assets rose 78bps to 5.75% and retail stage-2 assets too settled higher to 7.5%. Sharp uptick in collection efficiency in June and addition...
Add L and T Finance Holdings Ltd : Lagged AUM growth, elevated credit cost drag earnings - ICICI Securities
Add L and T Finance Holdings Ltd : Lagged AUM growth, elevated credit cost drag earnings - ICICI Securities
Source: ICICI Securities Ltd
21/07/2021 12:01:31 PM
Stock Picks - Buy L&T Finance Holdings Ltd For Target Rs. 101 - ICICI Direct Technical Observations The share price of L&T Finance Holdings has witnessed a falling channel breakout containing entire corrective decline of the last two months signalling a resumption of the up move We expect the stock to maintain positive bias and head towards | 101 levels in the coming weeks as it is the 61.8% retracement of the entire corrective decline (| 113-84) placed around | 101 levels The stock has recently rebounded after forming a higher base at the 200 days EMA an...
Stock Picks - Buy L&T Finance Holdings Ltd For Target Rs. 101 - ICICI Direct
Stock Picks - Buy L&T Finance Holdings Ltd For Target Rs. 101 - ICICI Direct
Source: ICICI Direct
21/05/2021 10:54:57 AM
Stock Picks - Reliance Industries Ltd and L&T Finance Holding​​​​​​​ Ltd By ICICI Direct Reliance Industries Buy Reliance Industries Ltd @ 1939.00-1943.00 CMP 1941.00 TGT 1979.40 SL 1920.70   L&T Finance Holding Buy L&T Finance Holding​​​​​​​ Ltd @ 85.20-85.70 CMP 85.25 TGT 84.60 SL 86.30     To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views expre...
Stock Picks - Reliance Industries Ltd and L&T Finance Holding​​​​​​​ Ltd By ICICI Direct
Stock Picks - Reliance Industries Ltd and L&T Finance Holding​​​​​​​ Ltd By ICICI Direct
Source: ICICI Direct
17/05/2021 11:43:26 AM
Buy L and T Finance Holdings Ltd For Target Rs.115 - Motilal Oswal Improved CE; lower provisioning * L&T Finance Holdings (LTFH) reported 4QFY21 PAT of INR2.7b (a 31% miss). Excluding a one-off taxation provision, PAT would be INR4.3b (v/s our estimate of INR3.8b). While PPOP missed our estimate by 9%, lower credit costs led to the PBT beat. * In FY21, the loan book declined 4% YoY and PAT more than halved to INR9.5b on the back of accelerated credit costs (up 58% YoY). Operating profit was largely flattish. * We believe LTFH has accounted for m...
Buy L and T Finance Holdings Ltd For Target Rs.115 - Motilal Oswal
Buy L and T Finance Holdings Ltd For Target Rs.115 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
13/05/2021 9:47:57 AM
Buy L&T Finance Holdings Ltd Target Rs. 96 - Religare Broking Derivative Ideas L&TFH FUTS added around 8% in open interest as LONG buildup was seen in it. Current chart pattern also indicates further up move in its price. We suggest buying in L&TFH as per below levels. Strategy:- BUY L&TFH BETWEEN 87-88 STOP LOSS 84 TARGET 96.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330 Above ...
Buy L&T Finance Holdings Ltd Target Rs. 96 - Religare Broking
Buy L&T Finance Holdings Ltd Target Rs. 96 - Religare Broking
Source: Religare Broking Ltd
12/05/2021 10:08:29 AM
Hold L&T Finance Holdings Ltd For Target Rs.100 - Emkay Global Mixed bag performance * LTFH reported an AUM decline of ~4.4% yoy to Rs940.1bn (-6.1% qoq) due to sell-down in wholesale book along with sequentially weak disbursements. Infrastructure witnessed a steep decline in disbursements by ~75% qoq along with tractors & 2W portfolios. However, the company has maintained its leadership position in tractors and 2W businesses.   * NIMs + fees improved to ~817bps (highest since FY17) due to a decline in borrowing costs amid immense syste...
Hold L&T Finance Holdings Ltd For Target Rs.100 - Emkay Global
Hold L&T Finance Holdings Ltd For Target Rs.100 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/05/2021 9:19:37 AM
Add L and T Finance Holdings Ltd For Target Rs. 99 - ICICI Securities Fortifying position in retail; contingent buffer to cushion credit cost L&T Finance Holdings’ (LTFH) Q4FY21 performance was skewed towards its targeted objective of improving the retail mix in overall AUM (43% now). Company further fortified its position in tractor and 2W segments, focused on salaried home loans and heavily pushed MFI lending (to almost 40% of overall disbursements) based on collection-driven strategy. Nevertheless, cautious stance in LAP, real estate lending and...
Add L and T Finance Holdings Ltd For Target Rs. 99 - ICICI Securities
Add L and T Finance Holdings Ltd For Target Rs. 99 - ICICI Securities
Source: ICICI Securities Ltd
7/05/2021 9:48:09 AM
Buy l& Tfh Between 105-106 STOPLOSS AT 102 TARGET 112 - Religare Broking Derivative Ideas L&TFH FUTS added around 8% in open interest addition as LONG buildup was seen in it till closing time. Current chart pattern also indicates further up move in its price. We suggest buying L&TFH as per below levels. Strategy:- BUY L&TFH BETWEEN 105-106 STOPLOSS AT 102 TARGET 112.   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration numb...
Buy l& Tfh Between 105-106 STOPLOSS AT 102 TARGET 112 - Religare Broking
Buy l& Tfh Between 105-106 STOPLOSS AT 102 TARGET 112 - Religare Broking
Source: Religare Broking Ltd
2/03/2021 2:45:15 PM
Update On L and T Fin Holdings Ltd By HDFC Securities Our Take: L&T Finance Holdings (LTFH) has shown commendable growth on all fronts post implementation of its strategy in FY17. It is on path to become a dominant player in infrastructure and tractor businesses. Focus on branch rationalization, cost efficiency and use of digital and data analytics platform to source loans and collections could lead to further improvement in return ratios. The company had been focusing on reducing its product lines which were low margin and substandard...
Update On L and T Fin Holdings Ltd By HDFC Securities
Update On L and T Fin Holdings Ltd By HDFC Securities
Source: HDFC Securities Ltd
22/02/2021 12:52:02 PM
E Margin Stock Pick - Buy L&T Finance Holdings Ltd For Target Rs. 120 - HDFC Securities E Margin Stock Pick - Buy L&T Finance Holdings Ltd For Target Rs. 120 - HDFC Securities  * After correcting from a high of 199 touched in December 2017, L&T Finance Holdings found support around the 42 levels in March 2020. These levels roughly correspond to previous major lows of the stock tested in 2012, implying that it is a strong support. * The stock has since then rebounded and gradually made higher tops and higher bottoms over the last several months. Today the ...
E Margin Stock Pick - Buy L&T Finance Holdings Ltd For Target Rs. 120 - HDFC Securities
E Margin Stock Pick - Buy L&T Finance Holdings Ltd For Target Rs. 120 - HDFC Securities
Source: HDFC Securities Ltd
15/02/2021 2:28:02 PM
Buy L and T Finance Holdings Ltd For Target Rs.160.00 - Religare Sec L and T Finance Holdings Ltd After retesting its crucial support zone of 100 day EMA on weekly chart, L&TFH has been hovering in a narrow range and formed a fresh buying pivot. The chart positioning combined with signals from the indicators is pointing towards strong rebound in near future. Traders should use this opportunity and accumulate fresh long in the given range. Recommendation Buy  L&T Finance Holdings Ltd @ 149-151 Stoploss 145 Target 160 CMP 150.35 ...
Buy L and T Finance Holdings Ltd For Target Rs.160.00 - Religare Sec
Buy L and T Finance Holdings Ltd For Target Rs.160.00 - Religare Sec
Source: Religare Securities Ltd
10/07/2018 2:01:50 PM