Big cup pattern in L&T Finance
L&T Finance makes an attractive buy with PE 14,PB 1.5 Company is shifting from wholesale business to retail loans franchise. With strong promoter of L&T and AAA credit rating and promoter guidance of maintaining sustainable ROA above 3% makes it a valuable buy for next 5 years.
Stop loss at 100.
Target for next 3 years - 300 min.
Looks reasonable valued as compared to its peers. 20 % grower available at 14 PE.
Stop loss at 100.
Target for next 3 years - 300 min.
Looks reasonable valued as compared to its peers. 20 % grower available at 14 PE.
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