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LTF L&T Finance News Story

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FinancialsBalancedLarge CapMomentum Trap

India's L&T Finance rises after March-qtr disbursements jump

** Shares of L&T Finance LTFL.NS rise as much as 3.9% to 249.8 rupees

** Co reports retail disbursements for March-qtr at 240.8 bln rupees ($2.59 bln), up 62% y/y

** Adds, retail loan book as at March 31 grew 26% y/y

** Analysts' mean rating on stock is 'buy'; median PT is 325 rupees - data compiled by LSEG

** LTFL last up 2.9%, cutting YTD losses to 23.9%

($1 = 92.8350 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)

 ((meenakshi.maidas@thomsonreuters.com;))

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