Buy L&T Finance Holdings with target of Rs 238
Veteran analysts have a buy call on L&T Finance Holdings Ltd. They suggest to keep the target price of Rs 238. Presently the market price of L&T Finance Holdings Ltd. is Rs 166. The time period given by the brokerage is a year when L&T Finance Holdings Ltd. price can reach the defined target. L&T Finance Holdings Ltd., incorporated in 2008, is a largecap company with a market cap of Rs 33089.61 crore.
This is a financial holding company that offers an intensive range of financial products as well as services across the corporate, retail and infrastructure finance sectors. It also has its hands in offering mutual fund products along with investment management services, through their direct and indirect wholly-owned subsidiaries. The company is promoted by Larsen & Toubro Ltd, which is one of the leading companies in India. It has spread its branches in 21 states in India. L&T has 5 subsidiaries, namely L&T Finance Ltd, L&T Infrastructure Finance Company Ltd, L&T Investment Management Ltd, L&T Mutual Fund Trustee Ltd and India Infrastructure Developers Ltd. Company has four business groups, which are named as Infrastructure Finance Group, the Retail Finance Group, the Corporate Finance Group and the Investment Management Group.