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L&T Finance share price rises 5% as HSBC maintains buy

The global research firm has maintained buy rating with target at Rs 76 per share. It is of the view that rural portfolio is leading recovery in demand L&T Finance Holdings share price jumped 5 percent intraday on September 28 after HSBC retained 'buy' stance on the stock. The global research firm has maintained buy rating with target at Rs 76 per share. It is of the view that rural portfolio is leading recovery in demand and collections. It added that other segments are also witnessing gradual recovery, according to a CNBC-TV18 report. However, the research firm said that restructuring impact is still uncertain with immediate focus on strengthening balance sheet. It expects growth to return in FY22. The stock was trading at Rs 60.95, up Rs 2.65, or 4.55 percent. It has touched an intraday high of Rs 61.70 and an intraday low of Rs 58.80. Disclaimer : The views and investment tips expressed by investment experts on SD Solutionsare their own, and not that of the websit...

Indiabulls Housing jumps 4% as Indiabulls Housing Finance Limited-Employees Welfare Trust buys stake

Indiabulls Housing Finance share price jumped after Indiabulls Housing Finance Limited-Employees Welfare Trust bought 27 lakh shares in company at Rs 156.95 per share on NSE. Indiabulls Housing Finance share price jumped over 4 percent intraday on September 22 after Indiabulls Housing Finance Limited-Employees Welfare Trust bought 27 lakh shares in company at Rs 156.95 per share on NSE. The stock was trading at Rs 163.95, up Rs 9.05, or 5.84 percent at 10:23 hours. It has touched an intraday high of Rs 165.70 and an intraday low of Rs 146.95. Indiabulls Housing Finance Limited has sold a portion of its stake in OakNorth Holding Ltd to HighSage Ventures LLC for Rs 440 crore, it said in an exchange communication. The sale proceeds will be accretive to the regulatory net worth and the CRAR of the company. Indiabulls Housing said it plans to conclude a few other transactions on the partial stake sale in OakNorth Bank over the next few days. The divestments in OakNorth Bank wi...