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This sub-₹100 L&T Group stock hits 52-week high after Q3 results

 

• Shares of L&T Finance Holdings hit a 52-week high of ₹98 per scrip on BSE in early deals.


Shares of L&T Finance Holdings rose up to 5% in Monday's trading session to hit a 52-week high of ₹98 on the BSE after the company on Friday reported 39% growth in net income at ₹454 crore for December 2022. leapt off. quarter, driven by record retail loan sales.


The city-based non-banking lender said in the highest ever quarterly retail loan sales the retail portfolio mix of the total loan book has increased to 64 per cent from 58 per cent in the year-ago quarter, said Deenanath Dubhashi, managing company The company is progressing well on its journey towards Mission 2026 to become a digitally enabled retail finance company, the director and chief executive said in a statement.

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