Risks in L&T Fin’s MFI book contained, growth on cards

December 4, 2024

L&T Finance has seen a 16% decline in its stock price due to regulatory concerns in the microfinance sector. However, the company’s focus on retail lending, improving asset quality, and attractive valuation make it a buy recommendation. The company’s loan book grew 18% YoY to Rs 93,015 crore, with retail loans comprising 96% of the total.

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Market Trading Guide: HAL, LTIMindtree are among 5 stock recommendations for Monday

Indian markets closed lower, with a 2.3% decline for the week amid sectoral selling. Key stock recommendations include buy calls for LTI Mindtree, Uno Minda,

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