Analysts pointed to a combination of technological interventions, a diversified retail portfolio, and prudent risk management as key drivers of the quarter's performance.
The northward movement in L&T Finance's share price came on the back of its announcement that it has made the allotment of non-convertible debentures (NCDs) worth ₹1,050 crore
Thus far in the month of September, the stock price of L&T group NBFC has outperformed the market by surging 16 per cent, as compared to 3.8 per cent rise in the BSE Sensex.
CCL Products, GMDC, Zydus Wellness, Anand Rathi Wealth and Syrma SGS Technologies among others from the BSE 500 and Nifty 500 index also registered new all-time highs in Friday's trading session.
In the past two trading days, L&T Finance shares have rallied 7 per cent after S&P Global Ratings revised the NBFC's stand-alone credit rating upward by one notch
At 01:37 PM, BSE Midcap index, the top gainer among broader indices, was up 0.55 per cent, as compared to 0.38 per cent rise in the BSE Sensex and 0.09 per cent gain in the BSE Smallcap index.
Q1 FY26 company results, July 18: Indian Overseas Bank, L&T Finance, Bandhan Bank, and Mangalore Refinery are scheduled to release their April-June quarter earnings reports today
HDB Financial Services IPO consists of a fresh issue of 33.8 million shares worth ₹2,500 crore and an OFS component of 135.1 million shares worth ₹10,000 crore