Buy L&T Finance Holdings, target price Rs 110: JM Financial

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Buy L&T Finance Holdings, target price Rs 110:  JM Financial


JM Financial has buy call on L&T Finance Holdings Ltd. with a target price of Rs 110. The current market price of L&T Finance Holdings Ltd. is Rs 107.35 .

L&T Finance Holdings Ltd., incorporated in the year 2008, is a Large Cap company (having a market cap of Rs 21334.19 Crore) operating in NBFC sector.

Financials

L&T Finance Holdings Ltd. key Products/Revenue Segments include Dividend which contributed Rs 386.37 Crore to Sales Value (81.26 % of Total Sales), Interest which contributed Rs 88.91 Crore to Sales Value (18.70 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs .16 Crore to Sales Value (0.03 % of Total Sales) for the year ending 31-Mar-2020.

Promoter/FII Holdings

Promoters held 63.7 per cent stake in the company as of Dec 30, 2020, while FIIs held 9.4 per cent, DIIs 5.3 per cent and public and others 21.7 per cent.





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