L&T Finance Holdings has successfully completed the merger of three subsidiaries, namely L&T Finance, L&T Infra Credit, and L&T Mutual Fund Trustee, into a single entity. All lending businesses will now be consolidated under the equity-listed operating entity of L&T Finance Holdings. The merger, effective Monday, received approvals from various authorities
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Updated Mar 16, 2021 | 15:32 IST
Credit Suisse maintains outperformance on L&T Finance, raised target price to Rs 122 from Rs 76/sh Representational Image | Photo Credit: BCCL
Key Highlights
Strong momentum in rural and infra disbursements
High provision buffers to aid normalization of credit costs
L&T Finance in focus as Credit Suisse has come up with its brokerage note. It maintains an Outperformance stance, target price raised to Rs 122 from Rs 76 per share which implies 19% upside. Key factors contributing to this upside, Strong Momentum in disbursements followed by high provision buffers to aid normalization of credit cost and expects ROE to double in FY22E.