Emkay Global Recommends Hold, Buy Rating To 2 Large Cap Stocks For Higher Return

Leading brokerage firm Emkay Global Financial Services has assigned buy call to L&T Finance Holdings and hold call to Tata Group Stock, Tata Consultancy Services. The analyst has assigned a target price of Rs 100 to L&T Finance Holdings and a target price of Rs 3200 to TCS. Check key details below:

1. Buy L&T Finance Holdings

Emkay Global has given buy call to L&T Finance Holdings with a target price of Rs 100 apiece. If you buy L&T Finance Holdings now at the last trading price of Rs 91, you will get 10% return.

The stock's 52-week high is Rs 96 apiece and 52-week low is Rs 58 apiece, respectively. The company has a market capitalisation of Rs 22,748 crore. The large cap stock operating in NBFC sector has given 15% return in last 1-year, 19% return in last 3-months, and declined 49% in last 5-years.

The company for the quarter ended September 30, 2022 declared a consolidated total income of Rs 3257 crore, up a little over 3% from previous quarter total income of Rs 3135 crore.

About L&T Finance Holdings: LTFH is a leading, well-diversified Non-Banking Financial Company (NBFC) with a focused range of financial products and services across rural, housing and infrastructure finance along with mutual funds. The company is promoted by Larsen & Toubro Ltd. (L&T), one of the largest conglomerates in India.

Hold TCS

Emkay Global has assigned hold rating to TCS stock with a target price of Rs 3200 apiece. The current market price of the stock is Rs 3286 with 1% intraday decline.

Tata group stock, Tata Consultancy Services Ltd today declared an interim dividend of ₹8 and a special dividend of ₹67 per Equity Share of ₹1 each. The large cap stock's 52-week high is Rs 4045 apiece and 52-week low is Rs 2926 apiece, respectively.

It has a market capitalisation of Rs 12,02,437.46 crore.

About TCS: Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world's largest businesses for the past 50 years. A part of the Tata group, India's largest multinational business group, TCS has over 592,000 of the world's best-trained consultants in 55 countries.

Disclaimer

The stocks have been picked from the brokerage report of Emkay Global Financial Services. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.