Buy L&T Finance, target price Rs 200: Motilal Oswal Financial Services

Motilal Oswal Financial Services recommends buying L&T Finance Ltd. with a target price of Rs 200. Currently priced at Rs 153.1, L&T Finance is expected to achieve significant growth. The company focuses on process automation and partnerships to drive retail loan growth. Despite challenges in microfinance, it shows strong financial performance and forecasts a PAT CAGR of 26% over FY24-27.