View on L&T Finance.
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Company Overview
L&T Finance Holding is a non-banking financial company (NBFC) headquartered in Mumbai, India. The company was founded in 2008 and is a subsidiary of Larsen & Toubro, one of India's largest engineering and construction companies. L&T Finance Holding provides a range of financial services, including retail loans, commercial loans, and asset management.
Financial Performance
L&T Finance Holding's financial performance has been strong in recent years. In the fiscal year 2022, the company generated revenue of ₹25,416.63 crore and net profit of ₹416.93 crore. L&T Finance Holding's revenue has grown at an average annual rate of 10% over the past five years. The company's net profit has grown at an average annual rate of 15% over the past five years.
Competitive Landscape
L&T Finance Holding faces competition from a number of other NBFCs in India, including HDFC Bank, ICICI Bank, and Axis Bank. However, L&T Finance Holding has a strong brand and a loyal customer base. The company also has a strong financial performance and a bright future.
Future Performance
L&T Finance Holding is expected to continue to grow in the future. The company is investing heavily in new products and services, such as digital lending and wealth management. L&T Finance Holding is also expanding its international presence. The company is well-positioned to continue to grow in the years to come.
Recommendation
I recommend buying L&T Finance Holding stock. The company has a strong financial performance, a competitive advantage, and a bright future. I believe that the stock is undervalued and has the potential to generate significant returns for investors.
Financial Ratios
Here are some financial ratios for L&T Finance Holding:
Price-to-earnings ratio (P/E ratio): 10.5
Price-to-book ratio (P/B ratio): 1.5
Return on equity (ROE): 18%
Return on assets (ROA): 1.5%
Debt-to-equity ratio: 0.5
These ratios indicate that L&T Finance Holding is a relatively undervalued stock with a strong financial performance. The company has a low P/E ratio, a low P/B ratio, and a high ROE and ROA. The company also has a low debt-to-equity ratio, which indicates that it is financially sound.
Here are some Technical ratios -
RSI value: The RSI value is currently at 65, which is above the 50% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future.
MACD: The MACD is currently in a bullish trend and is above the signal line. This is a positive sign and indicates that the stock is likely to continue to rise in the near future.
MFI: The MFI is currently at 75, which is above the 80% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future.
Elliott Wave Theory
According to Elliott wave theory, L&T Finance Holding is currently in an uptrend. The stock has broken out of a previous downtrend and is now moving up in minor wave 3. However, the stock is still in correction as per weekly timeframe or intermediary wave. This means that the stock could still experience some volatility in the short term. However, I believe that the stock is still a good investment and has the potential to continue to rise in the long term.
Conclusion
L&T Finance Holding is a well-managed NBFC with a strong financial performance and a bright future. The stock is currently undervalued and has the potential to generate significant returns for investors. I recommend buying the stock for the long term.
L&T Finance Holding is a non-banking financial company (NBFC) headquartered in Mumbai, India. The company was founded in 2008 and is a subsidiary of Larsen & Toubro, one of India's largest engineering and construction companies. L&T Finance Holding provides a range of financial services, including retail loans, commercial loans, and asset management.
Financial Performance
L&T Finance Holding's financial performance has been strong in recent years. In the fiscal year 2022, the company generated revenue of ₹25,416.63 crore and net profit of ₹416.93 crore. L&T Finance Holding's revenue has grown at an average annual rate of 10% over the past five years. The company's net profit has grown at an average annual rate of 15% over the past five years.
Competitive Landscape
L&T Finance Holding faces competition from a number of other NBFCs in India, including HDFC Bank, ICICI Bank, and Axis Bank. However, L&T Finance Holding has a strong brand and a loyal customer base. The company also has a strong financial performance and a bright future.
Future Performance
L&T Finance Holding is expected to continue to grow in the future. The company is investing heavily in new products and services, such as digital lending and wealth management. L&T Finance Holding is also expanding its international presence. The company is well-positioned to continue to grow in the years to come.
Recommendation
I recommend buying L&T Finance Holding stock. The company has a strong financial performance, a competitive advantage, and a bright future. I believe that the stock is undervalued and has the potential to generate significant returns for investors.
Financial Ratios
Here are some financial ratios for L&T Finance Holding:
Price-to-earnings ratio (P/E ratio): 10.5
Price-to-book ratio (P/B ratio): 1.5
Return on equity (ROE): 18%
Return on assets (ROA): 1.5%
Debt-to-equity ratio: 0.5
These ratios indicate that L&T Finance Holding is a relatively undervalued stock with a strong financial performance. The company has a low P/E ratio, a low P/B ratio, and a high ROE and ROA. The company also has a low debt-to-equity ratio, which indicates that it is financially sound.
Here are some Technical ratios -
RSI value: The RSI value is currently at 65, which is above the 50% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future.
MACD: The MACD is currently in a bullish trend and is above the signal line. This is a positive sign and indicates that the stock is likely to continue to rise in the near future.
MFI: The MFI is currently at 75, which is above the 80% mark and indicates that the stock is overbought. This could mean that the stock is due for a correction in the near future.
Elliott Wave Theory
According to Elliott wave theory, L&T Finance Holding is currently in an uptrend. The stock has broken out of a previous downtrend and is now moving up in minor wave 3. However, the stock is still in correction as per weekly timeframe or intermediary wave. This means that the stock could still experience some volatility in the short term. However, I believe that the stock is still a good investment and has the potential to continue to rise in the long term.
Conclusion
L&T Finance Holding is a well-managed NBFC with a strong financial performance and a bright future. The stock is currently undervalued and has the potential to generate significant returns for investors. I recommend buying the stock for the long term.
Anmerkung
near target hold on to the rally.
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