L&T Finance Limited: Market Performance and Recent Analyst Commentary
Market Performance (24‑hour period ending 06:03 PM CET, Tuesday 20 Oct 2026)
- Closing price: INR 253.00 (down 0.33 %).
- Current supply: 2.5 bn shares.
- Market capitalization: INR 634.1 bn.
- Volume traded: INR 1.3 bn (approximately 5 million shares).
- 52‑week high: INR 338.6 (07 Jul 2026).
- 52‑week low: INR 234.9 (04 Feb 2026).
- 200‑day simple moving average: INR 290.16.
- Year‑to‑date performance: -17.8 % since the end of the previous month.
Investor Relations Activities
- L&T Finance Limited announced a series of investor meetings scheduled for late October.
- Sessions will take place in Singapore and Hong Kong from 26 Oct to 30 Oct.
- The company confirmed that no unpublished, price‑sensitive information would be disclosed during these meetings.
- Presentations will be consistent with those available on the company’s official website and on the national stock exchanges.
Analyst Commentary
| Analyst | Highlights | Rating | Target Price |
|---|---|---|---|
| ICICI Securities | Strong second‑quarter performance; improved return on assets; solid growth in assets under management. Headwinds: elevated rate cycle and regulatory changes may temper near‑term results. | BUY | Target price based on valuation multiple around projected book value |
| Motilal Oswal | 32 % rise in profit after tax; robust increase in net interest income. Potential revenue challenges from upcoming insurance commission guidelines; expected offset through diversification and model adjustments. | BUY | Target price based on multiple of future book value |
Related Stock Movements (24‑hour period)
| Stock | Ticker | 24‑hr Change | Current Price | Market Cap (INR bn) | P/E Ratio |
|---|---|---|---|---|---|
| Steel Authority India | SAIL.NS | +0.39 % | 168.97 | 706.1 | 16.42 |
| Hindustan Petroleum | HINDPETRO.NS | -0.72 % | 348.5 | 741.5 | 42.15 |
| Bajaj Housing Finance | BAJAJHFL.NS | -0.5 % | 82.71 | 694.6 | 26.16 |
| Au Small Finance Bank | AUBANK.NS | -1.79 % | 971.7 | 741.5 | 26.17 |
| Uti Nifty | NIFTYBETA.BO | +0.48 % | 255.81 | 715.7 | – |
Bajaj Housing Finance – Recent Performance Summary
- Profit after tax: up ~18 % YoY to ₹757 million.
- Net interest income: up ~10 %.
- Other income: up ~42 %.
- Total income: up 18 % to ₹3.25 bn.
- Net total income: up 14 %.
- Operating expenses: up 12 %.
- Credit cost: ~10 % lower than analysts’ estimates.
- Assets under management: up 25 % to ₹1.6 trn.
- Disbursements: up 25 % to ₹199 bn; monthly disbursement run rate ~₹5 bn for home loans.
- Research note: current valuation reflects medium‑term growth; neutral recommendation with target price ₹95.
