L&T FINANCE HOLDINGS Plunges by 5%; BSE 500 Index Down 0.3%
September 13, 2019 10:15 AM

L&T FINANCE HOLDINGS share price has plunged 5% and is presently trading at Rs 97.

Meanwhile, the BSE 500 Index is at 14,293 (down 0.3%).

Among the top losers in the BSE 500 Index today is L&T FINANCE HOLDINGS (down 5.5%).

OBEROI REALTY (up 5.9%) and RELIANCE COMMUNICATIONS (up 4.9%) are among the top gainers today.

Over the last one year, L&T FINANCE HOLDINGS has moved down from Rs 156 to Rs 97, registering a loss of Rs 59 (down 37.8%)..

The BSE 500 has moved down from 15,326 to 14,293, loss of 1,033 points (down 6.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 107.3%), INTERGLOBE AVIATION (INDIGO) (up 94.3%) and VINATI ORGANICS (up 75.1%).

What About the Benchmark Indices?

The BSE Sensex is at 37,244 (down 0.2%). The top gainers among the BSE Sensex stocks today are ONGC (up 0.9%). The most traded stocks in the BSE Sensex are ONGC and ICICI BANK.

In the meantime, NSE Nifty is at 11,024 (down 0.3%). TITAN (up 1.7%) is among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 37,718 to 37,244, registering a gain of -474 points (up -1.8%).

L&T FINANCE HOLDINGS Financial Update...

L&T FINANCE HOLDINGS net profit stood at Rs 6 billion for the quarter ended December 2018, compared to a profit of Rs 4 billion a year ago. Net Sales rose 23.3% to Rs 32.4 billion during the period as against Rs 26.3 billion in October-December 2017.

For the year ended March 2019, L&T FINANCE HOLDINGS reported 74.7% increase in net profit to Rs 22.3 billion compared to net profit of Rs 12.8 billion during FY18.

Revenue of the company grew 31.2% to Rs 116 billion during FY19.

The current Price to earnings ratio of L&T FINANCE HOLDINGS, based on rolling 12 month earnings, stands at 9.4x.