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BUY TO SELL STOCKS FOR SHORT TERM GAINS
24th JULY 2016
L&T FINANCE HOLDINGS LTD BUY POTENTIAL UPSIDE: 15.7%
CURRENT MARKET PRICE: 76.90 TARGET PRICE: 89.00
BSE Code 533519 Market Cap (Crores) 13477.88
NSE Code L&TFH P/E 15.46
Book Value 41.52 EPS 4.97
Face Value 10 Dividend Yield % 1.04
STOCK RECOMMENDATION
15% @ 90 DAYS – JULY 2016
- 2 - SARAL GYAN CAPITAL SERVICES
Comparative Chart (Last 1 Year)
Returns: L&T Finance Holdings & Nifty:
Nifty: -0.2% L&T Finance Holdings: 8.7%
Stock Resistance and Support:
1st Resistance – 82 1st Support – 71
2nd Resistance – 87 2nd Support – 68
15% @ 90 DAYS – JULY 2016
- 3 - SARAL GYAN CAPITAL SERVICES
Financials at a Glance:
Quarterly Results of L&T Finance Holdings (Rs. In Crores)
Particulars Jun 2016 Mar 2016 Dec 2015 Sep 2015
Audited / UnAudited UnAudited UnAudited UnAudited UnAudited
Net Sales 1,996.49 1,957.97 1,819.81 1,793.38
Other Operating Income -- -- -- --
Total Income From Operations 1,996.49 1,957.97 1,819.81 1,793.38
Consumption of Raw Materials -- -- -- --
Purchase of Traded Goods -- -- -- --
Increase/Decrease in Stocks -- -- -- --
Employees Cost 109.45 106.96 134.8 131.16
Depreciation 18.6 21.06 20.06 20.7
Admin. And Selling Expenses 194.1 167.98 129.11 143.25
R & D Expenses -- -- -- --
Provisions And Contingencies -- 206.28 203.5 183.42
Exp. Capitalised -- -- -- --
Other Expenses 253.03 46.84 36 44.1
Other Income 34.24 52.77 44.22 44.15
P/L Before Int., Excpt. Items & Tax 1,455.55 1,461.62 1,340.55 1,314.90
Interest 1,155.65 1,127.36 1,014.64 997.64
P/L Before Excpt. Items & Tax 299.9 334.26 325.91 317.25
Exceptional Items -- -- -- --
P/L Before Tax 299.9 334.26 325.91 317.25
Tax 95.14 98.28 114.67 102.9
Prior Year Adjustments -- -- -- --
Extra Ordinary Items -- -- -- --
Net Profit/(Loss) 204.76 235.98 211.24 214.35
Share of P/L of Associates 2.64 0.87 0.72 1.06
Net P/L After M.I & Associates 207.4 236.85 211.97 215.41
Equity Share Capital 1,753.79 1,753.40 1,753.20 1,721.06
EPS 1 1.08 0.92 0.94
No Of Shares with Public (Crores) 58.41 58.37 58.35 55.14
Public Share Holding (%) 33.30 33.29 33.28 32.04
15% @ 90 DAYS – JULY 2016
- 4 - SARAL GYAN CAPITAL SERVICES
Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
© SARAL GYAN CAPITAL SERVICES
This Service is provided on an "As Is" basis by Saral Gyan Capital Services. Saral Gyan Capital
Services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction,
whether express or implied, as to any matter whatsoever relating to the Service, including without
limitation the implied warranties of merchantability, fitness for a particular purpose. Neither Saral
Gyan Capital Services nor its affiliates will be responsible for any loss or liability incurred to the
user as a consequence of his or any other person on his behalf taking any investment decisions
based on the above recommendation. Use of the Service is at any persons, including a Customer's,
own risk. The investments discussed or recommended through this service may not be suitable for
all investors. Investors must make their own investment decisions based on their specific
investment objectives and financial position and using such independent advisors as they believe
necessary. Information herein is believed to be reliable but Saral Gyan Capital Services and its
affiliates do not warrant its completeness or accuracy. The service should not be construed to be
an advertisement for solicitation for buying or selling of any securities.

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Saral Gyan - 15% @ 90 Days - July 2016

  • 1. BUY TO SELL STOCKS FOR SHORT TERM GAINS 24th JULY 2016 L&T FINANCE HOLDINGS LTD BUY POTENTIAL UPSIDE: 15.7% CURRENT MARKET PRICE: 76.90 TARGET PRICE: 89.00 BSE Code 533519 Market Cap (Crores) 13477.88 NSE Code L&TFH P/E 15.46 Book Value 41.52 EPS 4.97 Face Value 10 Dividend Yield % 1.04 STOCK RECOMMENDATION
  • 2. 15% @ 90 DAYS – JULY 2016 - 2 - SARAL GYAN CAPITAL SERVICES Comparative Chart (Last 1 Year) Returns: L&T Finance Holdings & Nifty: Nifty: -0.2% L&T Finance Holdings: 8.7% Stock Resistance and Support: 1st Resistance – 82 1st Support – 71 2nd Resistance – 87 2nd Support – 68
  • 3. 15% @ 90 DAYS – JULY 2016 - 3 - SARAL GYAN CAPITAL SERVICES Financials at a Glance: Quarterly Results of L&T Finance Holdings (Rs. In Crores) Particulars Jun 2016 Mar 2016 Dec 2015 Sep 2015 Audited / UnAudited UnAudited UnAudited UnAudited UnAudited Net Sales 1,996.49 1,957.97 1,819.81 1,793.38 Other Operating Income -- -- -- -- Total Income From Operations 1,996.49 1,957.97 1,819.81 1,793.38 Consumption of Raw Materials -- -- -- -- Purchase of Traded Goods -- -- -- -- Increase/Decrease in Stocks -- -- -- -- Employees Cost 109.45 106.96 134.8 131.16 Depreciation 18.6 21.06 20.06 20.7 Admin. And Selling Expenses 194.1 167.98 129.11 143.25 R & D Expenses -- -- -- -- Provisions And Contingencies -- 206.28 203.5 183.42 Exp. Capitalised -- -- -- -- Other Expenses 253.03 46.84 36 44.1 Other Income 34.24 52.77 44.22 44.15 P/L Before Int., Excpt. Items & Tax 1,455.55 1,461.62 1,340.55 1,314.90 Interest 1,155.65 1,127.36 1,014.64 997.64 P/L Before Excpt. Items & Tax 299.9 334.26 325.91 317.25 Exceptional Items -- -- -- -- P/L Before Tax 299.9 334.26 325.91 317.25 Tax 95.14 98.28 114.67 102.9 Prior Year Adjustments -- -- -- -- Extra Ordinary Items -- -- -- -- Net Profit/(Loss) 204.76 235.98 211.24 214.35 Share of P/L of Associates 2.64 0.87 0.72 1.06 Net P/L After M.I & Associates 207.4 236.85 211.97 215.41 Equity Share Capital 1,753.79 1,753.40 1,753.20 1,721.06 EPS 1 1.08 0.92 0.94 No Of Shares with Public (Crores) 58.41 58.37 58.35 55.14 Public Share Holding (%) 33.30 33.29 33.28 32.04
  • 4. 15% @ 90 DAYS – JULY 2016 - 4 - SARAL GYAN CAPITAL SERVICES Basis of Recommendation: i) Technical Analysis Disclaimer: Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company. © SARAL GYAN CAPITAL SERVICES This Service is provided on an "As Is" basis by Saral Gyan Capital Services. Saral Gyan Capital Services and its affiliates disclaim any warranty of any kind, imputed by the laws of any jurisdiction, whether express or implied, as to any matter whatsoever relating to the Service, including without limitation the implied warranties of merchantability, fitness for a particular purpose. Neither Saral Gyan Capital Services nor its affiliates will be responsible for any loss or liability incurred to the user as a consequence of his or any other person on his behalf taking any investment decisions based on the above recommendation. Use of the Service is at any persons, including a Customer's, own risk. The investments discussed or recommended through this service may not be suitable for all investors. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent advisors as they believe necessary. Information herein is believed to be reliable but Saral Gyan Capital Services and its affiliates do not warrant its completeness or accuracy. The service should not be construed to be an advertisement for solicitation for buying or selling of any securities.