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

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

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

15% @ 90 DAYS – JULY 2016

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Basis of Recommendation:

i) Technical Analysis

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