L&T FINANCE HOLDINGS Plunges by 8%; BSE 500 Index Down 6.4%
March 19, 2020 10:08 AM

L&T FINANCE HOLDINGS share price has plunged 8% and is presently trading at Rs 60.

Meanwhile, the BSE 500 Index is at 10,739 (down 6.4%).

Among the top losers in the BSE 500 Index today are L&T FINANCE HOLDINGS (down 8.4%) and SHREE CEMENT (down 6.5%).

POWER GRID (up 3.2%) and EMAMI LTD (up 2.6%) are among the top gainers today.

Over the last one year, L&T FINANCE HOLDINGS has moved down from Rs 149 to Rs 60, registering a loss of Rs 89 (down 59.7%)..

The BSE 500 has moved down from 15,069 to 10,739, loss of 4,330 points (down 28.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 252.5%), ABBOTT INDIA (up 79.2%) and GUJARAT GAS (up 50.9%).

What About the Benchmark Indices?

The BSE Sensex is at 27,773 (down 6.2%). The top gainers among the BSE Sensex stocks today are POWER GRID (up 3.2%) and NTPC (up 0.1%). The most traded stocks in the BSE Sensex are NTPC and POWER GRID.

In the meantime, NSE Nifty is at 8,099 (down 6.1%). POWER GRID (up 3.2%) and NTPC (up 1.7%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 27,773, registering a loss of 10,322 points (down 28.92%).

L&T FINANCE HOLDINGS Financial Update...

L&T FINANCE HOLDINGS net profit down at Rs 5 billion for the quarter ended June 2019, compared to a loss of Rs 6 billion a year ago. Net Sales rose 10.8% to Rs 35.9 billion during the period as against Rs 32.4 billion in April-June 2018.

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 5.1x.