Emkay Global has upgraded the stock to 'Buy' from 'Reduce,' on the back of improved visibility on asset quality, profitability, and expansion opportunities.
L&T Finance shares rose after it reported a jump in retail disbursements and retail book in the third quarter of the current financial year
Crisil Ratings expects the MUFG Bank transaction to benefit the Shriram Finance's liability franchise through lower incremental cost of borrowings and should aid in improving its profitability.
Force Motors topped the chart, emerging as the biggest wealth creator of the year with a 191 per cent gain. The stock delivered the highest return among all Nifty500 constituents.
Thus far in the calendar year 2025, the stock price of L&T Finance has zoomed 122 per cent, as compared to 5.5 per cent rise in the BSE Sensex.
Analysts pointed to a combination of technological interventions, a diversified retail portfolio, and prudent risk management as key drivers of the quarter's performance.
Leading the list is GNG Electronics (Target: ₹482 | Upside: 52%), named by Nirmal Bang, which expects robust growth as the company benefits from the govt's 'Make in India' thrust on electronics mfg.
Bajaj Finance surged 4 per cent to ₹1,058.60, while L&T Finance (₹271) and Cholamandalam Investment and Finance Company (₹1,691.90) were up 3 per cent each on the BSE in Wednesday's intra-day trade.
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
Pro-growth policy measures such as the government's proposed goods and services tax (GST) rationalisation are expected to aid consumption
Hero MotoCorp (HMCL) reported a strong start to the festive season with robust traction across dealerships and expects record festive sales.
Nifty remains in a downtrend as it has been trading below all key moving averages. Supports for the Nifty are seen at 24540 and 24400.
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