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.
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