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L&T Finance’s breakout is supported by robust technical and fundamental indicators, said SEBI-registered analyst Mayank Singh Chandel.
The stock recently breached past its key resistance zone of ₹194.25, confirming a well-formed rounding bottom pattern that had been developing since late 2024 into early 2025, Chandel added.
At the time of writing, L&T Finance shares were trading marginally higher at ₹200.88.
The stock is also comfortably trading above its 50-day exponential moving average (EMA) of ₹176.36, further validating the positive trend, the analyst said. The stock is currently 6.5% off its record high of ₹213.85, indicating room for further upside.
Chandel recommends a two-slot buying strategy for the stock.
First Entry: Initiate a position at current levels, as the breakout has been confirmed and the price action is showing strength.
Second Entry: Consider adding more if the stock breaks above its all-time high of ₹213.85, a potential trigger for the next leg of the rally. He recommends setting a stop loss below ₹180.
From a fundamental perspective, the company has reported strong Q4 results with a 15% year-on-year growth in net profit at ₹636.2 crore, while net interest income (NII) also grew by 3.8% to ₹2,423.2 crore.
Retail sentiment on Stocktwits for L&T Finance flipped to ‘bullish’ from ‘bearish’ a day earlier.
The stock has gained nearly 48% year-to-date.
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