Hello everyone,
I am new to learning about stock and mutual funds and this is my first post on this forum. I was reading about stuff on L&T finance holdings and realized they people have mixed views about this stock.
My question is will this stock be a multibagger in another 3 -4 years ? I was hoping that once it gets its license for banking things will change. I plan to be a long time investor so I would like to know your views.
Thank you.
CMP: 75
L&T Finance holdings is a decent bet ... You can read my views on its existing thread at L&T Finance Holdings ...
Keep your portfolio diversified.
Cheers!
Mani
That was very helpful. Thank you very much Mani.
L&T Finance Holdings is a strong mid-cap stock which listed only recently with its IPO issued in late 2011. Its trading at a P/E of over 100. Revenues have only started flowing in the last quarter. As earnings rolls out, the P/E should settle down below 30. It runs at Zero debt. There's not much of financial info from the past. Profits have been on the rise consistently over last few quarters. Buy and hold for long term gains.
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