L&T Finance Holdings hits 52-week high, surges 6% on strong Q3 results

After the divestment of the mutual fund business, LTFH has proposed merger of its subsidiary lending entities - L&T Finance and L&T Infra Credit with itself

Shares of L&T Finance Holdings (LTFH) hit a 52-week high of Rs 98.25 as they surged 6 per cent on the BSE in Monday's intra-day trade after the company reported a strong set of earnings for the October-December quarter (Q3FY23). Its net profit rose by 39 per cent year-on-year (YoY) to Rs 454 crore on improvement in margins and fees.

The stock of the investment company of the Larsen & Toubro (L&T) group surpassed its previous high of Rs 96.35, touched on December 15, 2022. In the past three months, it has rallied 28 per cent as compared to