
L&T Finance’s breakout is supported by robust technical and fundamental indicators, said SEBI-registered analyst Mayank Singh Chandel.
The stock recently breached past its key resistance zone of ₹194.25, confirming a well-formed rounding bottom pattern that had been developing since late 2024 into early 2025, Chandel added.
At the time of writing, L&T Finance shares were trading marginally higher at ₹200.88.
The stock is also comfortably trading above its 50-day exponential moving average (EMA) of ₹176.36, further validating the positive trend, the analyst said. The stock is currently 6.5% off its record high of ₹213.85, indicating room for further upside.
Chandel recommends a two-slot buying strategy for the stock.
First Entry: Initiate a position at current levels, as the breakout has been confirmed and the price action is showing strength.
Second Entry: Consider adding more if the stock breaks above its all-time high of ₹213.85, a potential trigger for the next leg of the rally. He recommends setting a stop loss below ₹180.
From a fundamental perspective, the company has reported strong Q4 results with a 15% year-on-year growth in net profit at ₹636.2 crore, while net interest income (NII) also grew by 3.8% to ₹2,423.2 crore.
Retail sentiment on Stocktwits for L&T Finance flipped to ‘bullish’ from ‘bearish’ a day earlier.
The stock has gained nearly 48% year-to-date.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.