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L&T Finance trades in green on the BSE

21 Sep 2011 Evaluate

L&T Finance is currently trading at Rs. 50.50, up by 0.50 points or 1.00% from its previous closing of Rs. 50.00 on the BSE.

The scrip opened at Rs. 50.10 and has touched a high and low of Rs. 51.00 and Rs. 50.00 respectively. So far 467407 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 53.00 on 30-Aug-2011 and a 52 week low of Rs. 44.40 on 22-Aug-2011.

Last one week high and low of the scrip stood at Rs. 51.05 and Rs. 49.70 respectively. The current market cap of the company is Rs. 8573.65 crore.

The promoters holding in the company stood at 82.64% while Institutions and Non-Institutions held 5.26% and 12.10% respectively.

Credit rating agency, CARE has reaffirmed the assigned ‘AA+’ rating to the long term bank facilities of L&T Finance (LTF) for an enhanced amount. The agency has enhanced the amount from Rs 1,900.01 crore to Rs 5,002.16 crore. This rating is applicable to facilities having tenure of more than one year. Facilities with this rating are considered to offer high safety for timely servicing of debt obligations. Such facilities carry very low credit risk.

The agency has also reaffirmed the assigned ‘A1+’ rating to the short term bank facilities of the company for an enhanced amount. The agency has enhanced the amount from Rs 396.00 crore to Rs 646.00 crore. This rating is applicable to facilities having tenure up to one year. Facilities with this rating would have strong capacity for timely payment of short-term debt obligations and carry lowest credit risk.

The ratings factor in the strength of the ultimate parent - Larsen and Toubro (L&T) and its continued demonstrated support to LTF, by way of capital infusion as well as provision of additional business opportunities.

L&T Finance Share Price

287.35 7.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
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