L&T Finance On Track For ₹240? SEBI RA Sameer Pande Flags A Positional ‘Buy’
Synopsis
L&T Finance has attracted renewed analyst interest, with an analyst recommending a positional buy amid strong support levels and improving momentum.
L&T Finance is back in the spotlight as steady fundamentals and a compelling technical setup signals an upswing. The stock has gained 7% in the last one week.
Sameer Pande, a SEBI-registered analyst, pointed to rising strength in the stock’s weekly Relative Strength Index (RSI), which now hovers above 60 — a signal of building bullish momentum.
On longer timeframes, L&T Finance appears well-supported in the ₹150–₹145 range, with a deeper cushion around ₹120–₹125. Resistance, he noted, lies at the ₹200–₹210 zone.
Based on this technical construct, he initiated a positional buy between ₹170 and ₹150, setting a stop-loss at ₹120 (on a closing basis) and eyeing medium-term targets of ₹220 and ₹240 within a 4–6 month horizon.
Backing this bullish sentiment are the company’s recent financials and structural shifts.
As highlighted in a Anand Rathi report dated April 27, L&T Finance reported a 15% growth in fourth-quarter consolidated net profit, underpinned by rising retail loans and well-contained provisions.
With a sharper focus on secured retail lending in urban and SME finance, the company has already surpassed its FY26 goal of 90% retail asset share.
The brokerage notes that L&T Finance’s technology-led underwriting and operating efficiency improvements are paying off, as seen in the declining cost-to-assets ratio and healthy return ratios. Anand Rathi too values the stock at ₹220.
Risks such as higher slippages and softer disbursements remain, but for now, both technical and fundamental indicators appear to be aligning in L&T Finance’s favor.
L&T Finance shares gained 30% year-to-date (YTD).
For updates and corrections, email newsroom[at]stocktwits[dot]com. <
Editor’s note: A previous version of this story incorrectly stated that the company’s name as L&T Finance Holdings in the lede; the correct name is L&T Finance. The error has been corrected.<
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.