L&T FINANCE HOLDINGS Plunges by 5%; BSE 500 Index Down 0.2%

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L&T FINANCE HOLDINGS Plunges by 5%; BSE 500 Index Down 0.2%
Wed, 19 Jun 02:02 PM

L&T FINANCE HOLDINGS share price has plunged 5% and is presently trading at Rs 120.

Meanwhile, the BSE 500 Index is at 15,254 (down 0.2%).

Among the top losers in the BSE 500 Index today are L&T FINANCE HOLDINGS (down 5.1%) and HEG (down 8.9%).

GRANULES INDIA (up 4.8%) and TRENT LTD (up 3.6%) are among the top gainers today.

Over the last one year, L&T FINANCE HOLDINGS has moved down from Rs 164 to Rs 120, registering a loss of Rs 44 (down 26.8%)..

The BSE 500 has moved up from 14,778 to 15,254, registering a gain of 476 points (up 3.2%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI POWER (up 148.1%), VINATI ORGANICS (up 109.7%) and BATA INDIA (up 69.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 39,436 (up 0.2%). The top gainers among the BSE Sensex stocks today are TATA STEEL (up 3.1%). The most traded stocks in the BSE Sensex are ICICI BANK and TATA STEEL.

In the meantime, NSE Nifty is at 11,802 . TATA STEEL (up 2.9%) and KOTAK MAHINDRA BANK (up 2.4%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved up from 35,548 to 39,436, registering a gain of 3,888 points (up 10.1%).

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 2018, L&T FINANCE HOLDINGS reported 40.5% increase in net profit to Rs 14.7 billion compared to net profit of Rs 10.4 billion during FY17.

Revenue of the company grew 20.1% to Rs 100 billion during FY18.

The current Price to earnings ratio of L&T FINANCE HOLDINGS, based on rolling 12 month earnings, stands at 11.5x.

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