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On last Friday, L&T Finance Holdings stock, with 3.3% gain, reached a new 52-week high and closed at 91.25
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Seven out of the previous 10 trading days have seen the stock go up, and in that time, shareholders have got a return of nearly 13%
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The company closed the sale of L&T AMC, its mutual fund division, the total of Rs. 3484 crore last month
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The Finance company also recognized a Rs. 764 crore excess cash balance in L&T Investment Management Ltd
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L&T Finance Holdings has been recommended to ‘BUY’ by Axis Securities, with a target price of Rs. 110
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Today the stock price is about 93 and it is expected that the stock will reach its target within 3-4 weeks
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Axis Securities along with targets also advised keeping the stop loss at Rs 85. Setting a stop loss is a very crucial part of trading