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.
Paul Black’s 3 thumb rules for identifying great wealth creators
Veteran portfolio manager Paul Black’s investment framework focuses on identifying businesses with competitive advantages that strengthen over time. His three key rules emphasise widening moats,