L&T Finance Holdings share price was trading over 4 percent lower in the morning session

L&T Finance Holdings

L&T Finance Holdings share price was trading over 4 percent lower in the morning session on October 21, a day after the non-banking financial company reported a 10 percent decline in consolidated net profit to Rs 223 crore for the second quarter ended September 2021.

Global research firm Goldman Sachs has a “buy” rating on the stock with the target at Rs 124 a share, an upside of 42 percent from the current market price.

The research firm is of the view that the company had a well-managed Q2 despite a slight deterioration in the asset quality. Retail and MSME were likely to emerge attractive profit pools for the industry over the next few years and L&T Finance was well-positioned, CNBC-TV18 reported Goldman Sachs as saying.

News Source:- Moneycontrol

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