Buy L&T Finance Holdings Ltd & GAIL Ltd

Buy L&T Finance Holdings Ltd & GAIL Ltd

L&T Finance Holdings Ltd (LTFH):

L&T Finance Holdings Ltd

L&T Finance Holdings Ltd has officially announced a consolidated sales of Rs. 3611.31 Cr for the quarter finished on 30-09-2019, which is .47% up from its previous quarter sales of Rs. 3594.54 Cr and 11.24% up from its previous year’s same quarter sales of Rs. 3246.30 Cr. The firm has also announced its net profit after tax of Rs. 174.51 Cr in the most recent quarter.

Outlook: 

L&T Finance Holdings Ltd is a buy call with a target of Rs. 108 and a stop loss of Rs. 96; current market price: 99.45.

GAIL Ltd (GAIL):

GAIL India Ltd

GAIL Ltd has officially announced a consolidated sales of Rs. 18235.45 Cr for the quarter finished on 30-09-2019, which is -1.26% down from its previous quarter sales of Rs. 18467.44 Cr and -5.73% down from its previous year’s same quarter sales of Rs. 19342.88 Cr. The firm has also announced its net profit after tax of Rs. 849.27 Cr in the most recent quarter.

Outlook:  

GAIL Ltd is a buy call with a target of Rs. 135 and a stop loss of Rs. 121; current market price: 124.75.

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