Wednesday 26 October 2016

Second Target Achieved L&T Finance 26 Oct 2016


Second Target Achieved - L&T FINANCIAL HOLDINGS LTD.



Our First Call for L&T Finance (CMP 105.90) for 96--98 dated 02 Oct 2016 was achieved on 05 Oct and Second call on that day was made for 104+ which was achieved today on 26 Oct 2016.





Suggested at 91.25, reached 104+ - 13.84+% gain



Book Profit if don't want to hold for long term!


Might Correct itself to 98--95 levels and then again rise back for its next target of 116+


For Investors - 

  • The stock has shown marvellous growth in terms of Revenue and Net Income for the past few years.
  • Though the last quarter results were a little stagnant, but over all annual performance is impressive.
  • Increasing Operational Cash Flows - suggest a strong Financial Track
  • PE Ratio of 27.9 against Industry's 61.63 - makes it comparatively undervalued

LONG TERM TARGET - 250+


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