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HomeSTOCKS₹190 Share New Target Is ₹232; Brokerage Bullish After Q1 Update; Do...

₹190 Share New Target Is ₹232; Brokerage Bullish After Q1 Update; Do You Have This?

Stock to Buy: The domestic stock market is at a record high. Companies listed on the market are releasing business reports for the first quarter of the fiscal year, 2024 to 25.

After the business update, brokerage firm has given a BUY rating on non-banking finance company L&T Finance Ltd (NSE: LTF). The brokerage has advised investment with a one-year perspective.

L&T Finance Ltd Share Price Target

The brokerage company has issued an opinion of buy for L&T Finance Ltd with a one-year view. It has set the target price which is 230 rupees for each share.

The stock level on July 6 is 189.85. From this price, the stock can jump by more than 21 percent in the future.

L&T Finance Ltd has released business updates for the first quarter of FY 2024-25. On an annual basis, the retail loan of NBFC grew by 31 percent in the June quarter. 

However, wholesale loans could potentially decline to Rs 44 billion. Retail loan disbursements grew 33 percent in 1QFY25 but fell 1 percent quarter-on-quarter to Rs 148 billion. 

Rural business disbursements grew 28% over the past year. Kisan finance disbursements grew 8% over the past year and urban finance disbursements grew 44% over the past year. 

The retail loan book grew 31 percent year-on-year and 6% quarter-on-quarter to Rs 844 billion.

The retail loan mix increased to 95% (94% in 4QFY24), well ahead of the ‘Lakshya’ FY26 retail loan mix target of over 80%. This implies that the wholesale book could decline to Rs 44 billion (from Rs 55 billion in 4QFY24).

L&T Finance Share History

The NBFC stock has given more than 21 percent return to shareholders in the last month. The stock has risen 11 percent in 6 months and 16 percent in the year 2024. 

In the meantime, the stock has shot up 45 % over the past year. The stock has gained 178 percent in the last two years.

L&T Finance Ltd Stock Performance

Current Price₹ 190
52-wk High₹ 194 
52-wk Low₹ 116
5 Days Return2.96%
1 Month Return12.53%

Key Fundamentals Parameters

Market Cap₹ 47,285 Cr.
Stock P/E20.4
Book Value₹ 94.2
Dividend1.32 %
ROCE8.22 %
ROE10.3 %
Face Value₹ 10.0
P/B Value2.02
OPM59.3 %
EPS₹ 9.32
Debt₹ 76,603 Cr.
Debt to Equity3.27

L&T Finance Ltd Shareholding Pattern

Promoters Holding
Mar 202366.11%
June 202366.10%
Sept 202366.02
Dec 202365.90%
Mar 202465.86%
FII Holding
Mar 202311.35%
Jun 202313.90%
Sep 202312.11%
Dec 202310.67%
Mar 202411.04%
DII Holding
Mar 20236.58%
Jun 20235.29%
Sep 20237.02%
Dec 20239.07%
Mar 20248.69%
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Public Holding
Mar 202315.96%
Jun 202314.73%
Sep 202314.85%
Dec 202314.36%
Mar 202414.39%

L&T Finance Ltd Share: Last 5 Years’ Financial Condition

Last 5 Years’ Sales:

2020₹ 14,104 Cr
2021₹ 13,353 Cr
2022₹ 11,930 Cr
2023₹ 12,775 Cr
2024₹ 13,581 Cr

Last 5 Years’ Net Profit:

2020₹ 1,700 Cr
2021₹ 949 Cr
2022₹ 1,049 Cr
2023₹ 1,536 Cr
2024₹ 2,317 Cr

Conclusion

This article provides a detail guide about L&T Finance Ltd share.

The information and forecasts provided result from the analysis of our research team, the company’s basics and history, experience and various technical analyses. 

Also, we’ve talked in depth about the shares’ prospects and growth possibilities.

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