L&T Finance Holdings share drops over 6% post Q3 earnings
L&T Finance stock is trading higher than 20, 50, 100 and 200-day moving averages but lower than 5-day moving averages
BusinessToday.In | January 18, 2021 | Updated 17:41 IST
During the quarter under review, company s total income declined to Rs 3,622.16 crore from Rs 3,735.79 crore in the year-ago quarter
L&T Finance share price fell over 6% in Monday s bearish session, after the non-banking financial company reported a 51% decline in its consolidated net profit at Rs 287.75 crore for the quarter ended December 2020 against Rs 591.47 crore in the year-ago quarter.
L&T Finance share opened with a loss of 2.09% today at Rs 102.90 against its previous close of Rs 102.90. The stock fell 6.76% to hit the day s low of Rs 98 on BSE. The stock also hit an intraday high of Rs 103.55.