L&T Fi­nance Hold­ings Ltd

Money Times - - Muhurat Picks -

(BSE Code: 533519) (CMP: Rs.133.85) (FV: Rs.10)

L&T Fi­nance Hold­ings Ltd of­fers fi­nan­cial prod­ucts and ser­vices across ru­ral, hous­ing and whole­sale fi­nance sec­tors as well as mu­tual fund prod­ucts and wealth man­age­ment ser­vices through its wholly-owned sub­sidiaries. Dur­ing Q2FY19, it re­ported 66% higher PAT of Rs.560.41 crore on 27% higher in­come of Rs.3326.04 crore. Its loan book grew 26% YoY to Rs.90026 crore. The stock trades at a P/E of just 14.15x. Based on its strong per­for­mance and at­trac­tive val­u­a­tions, we rec­om­mend this stock for a price tar­get of Rs.185.

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