L&T Finance’s board to consider final dividend this week; stock hits 52-week high - Watch video
L&T Finance share price: At the time of filing this report, L&T Finance Holdings’ stock was up 1.43 per cent at Rs 106.5 per share on the BSE.
L&T Finance share price: L&T Finance Holdings shares rose over 1 per cent in the morning deals on Tuesday, June 6, hitting the 52-week high for the second consecutive session after the company announced it would consider a final dividend on the equity shares for the financial year 2022–23 on Thursday, June 8.
"The Board of Directors of the Company will be held on June 8, 2023, inter alia, to consider the recommendation of a final dividend on the equity shares for the financial year 2022–23," the filing read.
At the time of filing this report, L&T Finance Holdings’ stock was up 1.43 per cent at Rs 106.5 per share on the BSE. The scrip ended 1.67 per cent higher at Rs 106.75 apiece. In Monday’s trade, the stock had hit a 52-week high at Rs 107 apiece but pared gains and ended at Rs 105.05 apiece, down 0.47 per cent.
World Bank estimates Indian economy to grow at 6.3% in FY24; predicts service sector activity to grow at 7.4%
AMFI rejig: IRFC, Polycab and Jio Financial Services among others may enter large-cap category, says Nuvama
IND vs NED Free Live Streaming: When and How to Watch India vs Netherlands ODI World Cup 2023 warm-up Match Live on Web, TV, mobile apps online
Senior Citizen Savings Scheme (SCSS): Know how much return you will get on investment from Rs 1 to Rs 15 lakh in SCSS
Prabhudas Liladher has given a ‘buy’ call on L&T Finance Holdings for a target price of Rs 109 apiece. "We believe that if management can achieve Lakshya's goals and continue to show strong growth in the retail book while selling the wholesale portion at a reasonable valuation, there can be a re-rating in the stock," said the brokerage.
Axis Capital believes that the company is on track to increase the share of retail loans to 80 per cent by FY26, though management is confident of achieving a higher share of 90 per cent. It expects retail loans to post a 25 per cent CAGR over the next 2–3 years.
The brokerage has maintained a ‘buy’ call with a target price of Rs 110 apiece.
L&T Finance Holdings: Past performance
So far in 2023, the stock has gained over 18 per cent against Nifty50’s rise of nearly 2 per cent. In the past one month, the shares of L&T Finance Holdings have surged over 9 per cent against the benchmark’s rise of over 1 per cent.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
ONGC, Oil India under pressure after Centre's windfall tax move; MGL, Gujarat Gas rise post-gas price hike
Maruti, Tata Motors, Eicher Motors: Auto shares trade mixed; what brokerages suggest ahead of festive season
Gold and Silver price today (October 3, 2023): Precious metal futures trade under pressure; Gold below Rs 57,000
Traders' Diary: Buy, sell or hold strategy on Jubilant FoodWorks, RVNL, LTIMindtree, Federal Bank, AU Small Finance Bank, other a dozen other stocks today
From Maruti Suzuki to Tata Motors: Here's how top auto makers fared in terms of sales in September 2023
IND vs NEP LIVE Score, Asian Games 2023 Quarterfinals Match Updates: Ruturaj Gaikwad-led India clash with Nepal in debut Asian Games match in Hangzhou