With a target price of Rs 100, Emkay Global Financial Services has issued a buy call on L&T Finance Holdings. The stock’s current market price is Rs 91.55.
View 11 reports from six analysts outlining L&T Finance Holdings Ltd.’s long-term price targets. The average target for L&T Finance Holdings Ltd. is 96.33, which represents an upside of 10.85 percent from the current price of 86.90.
What Is The Q1 2022 Results Of L&T Finance?
The company reported a Consolidated Total Income of Rs 3,491.01 Crore for the quarter that ended on December 31, 2022. This is an increase of 7.17 percent from the previous quarter’s Total Income of Rs 3,257.36 Crore and an increase of 12.65 percent from the same quarter of last year.
Why Is L&T Finance Down?
On Thursday, the company made the announcement that it would be selling its wholly owned subsidiary, L&T Investment Management (LTIM), to the asset management arm of HSBC, Hsbc Asset Management. As part of this transaction, HSBC AMC will acquire all of LTIM’s shares for $425 million, which is equivalent to approximately Rs 3,192 crore. This led to the stock’s decline.
View 13 reports from seven analysts outlining L&T Finance Holdings Ltd.’s long-term price targets. The average target for L&T Finance Holdings Ltd. is 100.29, which represents an upside of 17.44% from the current price of 85.40.
With a current market capitalization of Rs 3,05,814 Cr, LARSEN & TOUBRO LTD (L&T) has a live share price of 2,159.85 on the NSE and 2,160.20 on the BSE.
The holding company for L&T’s Financial Services business, L&T Finance Holdings, has announced a price range of Rs 51-59 for its Rs 1,245-crore initial public offering, which opens on July 27 and closes on July 29. The issue opens on July 26 for anchor investors.
What Is The Final Dividend Of L&T Finance 2022?
At the current share price of Rs 87.45, L&T Finance Holdings has declared an equity dividend of 5.00%, or Rs 0.5 per share, for the year ending March 2022. This yields 0.57 percent.
What Is The Result Of L&T Finance In Q3 2022?
On January 13, L&T Finance Holdings, promoted by Larsen & Toubro (L&T), reported a 39% increase in consolidated profit to Rs 454 crore for the quarter ending December 31, 2022. The company had previously reported a net profit of Rs 326 crore for the same period last year.
What Is The Dividend History Of L&T Finance?
Since July 26, 2013, L&T Finance Holdings Ltd. has declared nine dividends. Over the course of the previous twelve months, L&T Finance Holdings Ltd. has declared an equity dividend of Rs 0.50 per share, yielding 0.58 percent at the current share price of Rs 86.40.
Is L&T Finance Holding A Good Buy?
Moneyworks4me’s analysis of L&T Finance Holdings Ltd.’s financial history over the previous ten years reveals that the company is of average quality.
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