L&T Finance Holdings Ltd
(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.