Latest Stock Market Budget 2024
Stocks to buy: L&T Finance and Astra Microwave Products - two top picks by analysts
Stocks to buy: The Indian stock market indices, Sensex and Nifty 50, traded over half a percent higher on Tuesday led by gains in IT, pharma, energy and auto stocks amid mixed global market cues.
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L&T Finance Holdings | Buy | TP: ₹190
L&T Finance Holdings (LTFH) is now focusing on growing its retail business (88% of portfolio) and run-down or sell off the wholesale lending business. Increased share of retail loans is driving higher net interest margins (NIMs) for the company and return ratios are also improving, noted brokerage firm HDFC Securities.
The company’s management sees minimal impact of the RBI’s revised norms of increasing 25 bps weight for unsecured retail products due to healthy capital position, low proportion of the unsecured book, and strong earnings trajectory.
Also Read: Buy or sell: Ruchit Jain of 5paisa recommends these two stocks for the week
LTFH has witnessed improving trends across its business in the past few months and with pick up in disbursements, return ratios are likely to improve, said the brokerage firm.
https://www.livemint.com/market/stock-market-news/stocks-to-buy-l-t-finance-and-astra-microwave-products-two-top-picks-by-analysts-11707200273191.html
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