The document recommends buying shares of L&T Finance Holdings Ltd, an Indian finance company. It gives a target price of Rs. 89 in 90 days, up 15.7% from the current price of Rs. 76.90. Key details provided include the company's financial performance, share price resistance and support levels, and a technical analysis basis for the recommendation. The document disclaims any warranty and advises that investments discussed may not be suitable for all investors.

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
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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
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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
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Basis of Recommendation:
i) Technical Analysis
Disclaimer:
Important Notice: Saral Gyan Capital Services is an Independent Equity Research Company.
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