Is L Finance a good buy for long term?
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Is L Finance a good buy for long term?
In all, L & T Finance is a better company and a sure shot banking license candidate and can be considered a complimentary multi-bagger investment bet. The stock is a strong buy at the current market price of Rs 73 for 4-5 months holding period with a price target of Rs 110.
Can LT Finance be a multibagger?
L Finance Holdings continues to remain cheap on the valuations front. The stock is trading under 10 times price to earnings multiple, which is rather cheap for a strong with a strong pedigree. A good stock to buy for the long term, which can be a multibagger.
Is L Finance safe?
In terms of the credit risk L Finance comes with a strong pedigree and has triple-A or AAA rating from multiple credit rating agencies, in comparison one should know that deposits up to are 1 lakh are insured in banks.
L Finance is a very good stock having a good pedigree. The stock was a multi-bagger increasing from 60 to 200 from 2016 to 2018. No other sector can grow at about 30 percent except finance sector.
What is the business of LT finance Holdings?
L Finance Holdings (LTFH) is a leading, well-diversified Non-Banking Financial Company (NBFC) with a focused range of financial products and services across rural, housing and infrastructure finance along with mutual funds. The company is promoted by Larsen & Toubro Ltd.
What is business of L finance?
L Finance Holdings Ltd. (LTFH) is a financial holding company offering a focused range of financial products and services across rural housing and wholesale finance sectors as well as mutual fund products and wealth management services through its wholly-owned subsidiaries viz. L Finance Ltd.
What does L finance do?
Who are the promoters of LT Finance Holdings?
LTFH is promoted by Larsen & Toubro Ltd.
Is LT finance a NBFC?
L Finance Holdings Ltd. is a NSE and BSE listed company and is also registered with RBI as an NBFC and CIC. It conducts its financial services businesses through various subsidiaries.
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