L&T Finance is buzzing after Credit Suisse raised its target price by more than 60%. They have an outperform rating on the stock and have increased the target price from Rs 76 to Rs 122.
Credit Suisse believes that L&T Finance can double its RoE in FY22. They expect it to be around 12.3% versus 6% in FY21. The FY22-23 estimates are also up between 23-31% on account higher net interest margins and lower credit cost.
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