Chandan Taparia, Derivative & Technical Analyst at Anand Rathi Securities told CNBC-TV18, "L&T Finance Holdings is a new stock in F&O segment. The stock has seen decent run-up in last few months, it is trading near the 14 months high and the way the stock is moving after the long consolidation, momentum may continue and it can even go towards new highs. So traders can buy with a stoploss of Rs 79 on upside target of Rs 95."
At 10:59 hrs L&T Finance Holdings was quoting at Rs 82.75, down Rs 2.45, or 2.88 percent. It has touched a 52-week high of Rs 88.35.
The share touched its 52-week high Rs 86.35 and 52-week low Rs 53 on 12 March, 2014 and 07 August, 2013, respectively. Currently, it is trading 4.17 percent below its 52-week high and 56.13 percent above its 52-week low. Market capitalisation stands at Rs 14,220.17 crore.
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