29 Jun 2017 | 11:59 AM
Research Report
Weekly

Equity Research Report: Master Pick-L&T Finance Holdings

For FY15, NII grew 33% to Rs2,628 crore, while net profit surged 43% to Rs 851 crore on consolidated basis. These were driven by loans and advances that grew 18% in FY15. While during Q1 FY16 it reported 33% decline in the consolidated net profit to Rs 192.46 crore mainly on account of high base.
07 Aug 2015 | 05:15 PM

L&TFH has been trading with sideways bias since then and has recently formed a fresh buying pivot on multiple time frames. The price chart alongside with supporting indicators & oscillators are pointing towards possibility of strong surge in near future. Hence, participants can accumulate it in the given range of 69-71 with close below stop loss of 65 for the target of 84.