India's L&T Finance gains on growth in Q1 retail loan book, disbursements

L&T Finance

04/07/2024 05:37

** Shares of L&T Finance  LTFL.NS  rise 2.2% to 192 rupees
    ** The financial services provider said in its Q1 update
that retail disbursements and retail loan book grew 33% and 31%,
respectively, in Q1
    ** Adds, retailisation of portfolio, which makes investment
funds more accessible to individual retail investors, is
estimated at about 95% at end of Q1, up from 82% a year earlier
    ** Sixteen analysts covering the stock on avg have a "buy"
rating; median PT is 200 rupees - LSEG data
    ** Stock up 15% so far this year vs a 12.2% gain in the
benchmark Nifty 50 index  .NSEI 

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))