L&T Finance Share Price Touches 52-Week High Even as Morgan Stanley Keeps Underweight Rating
- July 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
L&T Finance share price CMP Rs 334.70, up 2.37%, fresh 52-week high Rs 335.85. Morgan Stanley retains underweight, target Rs 150. Retail loan book up 28% YoY.
L&T Finance share price touched a fresh 52 week high of Rs 335.85 on 6 July 2026 even as Morgan Stanley retained its underweight rating on the NBFC with a target price of Rs 150, well below the stock’s current trading level. The brokerage’s cautious stance persists despite the retail loan book growing 28 percent year on year, with retail disbursements up 36 percent.
Morgan Stanley’s note flags that retail disbursements excluding gold loans stood at Rs 21,900 crore, while gold loan disbursements declined sequentially, with asset quality and margin trends remaining the key monitorables the brokerage is watching.
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About L&T Finance
L&T Finance is a diversified non-banking financial company offering retail finance products including rural finance, housing finance, and gold loans, having transitioned its business mix increasingly toward retail lending in recent years.
Why L&T Finance Share Price Is in Focus Today
L&T Finance share price is in focus because the stock touched a fresh 52 week high even as Morgan Stanley’s underweight rating and well below-market Rs 150 target represents a stark contrast to the stock’s current momentum. Investors tracking L&T Finance share price can view live quotes and fundamentals on the Univest stock page for L&T Finance before assessing this divergence.
Strong Retail Loan Book and Disbursement Growth
The retail loan book grew 28 percent year on year, with retail disbursements up a sharper 36 percent, indicating accelerating momentum in the company’s core retail lending push. Retail disbursements excluding gold loans stood at Rs 21,900 crore, representing the bulk of the company’s lending activity outside the gold loan segment.
Gold Loan Disbursements Decline Sequentially
Despite the strong overall retail growth, gold loan disbursements declined on a sequential basis, according to Morgan Stanley’s note, a trend that could reflect either seasonal factors or a deliberate shift in portfolio mix away from gold backed lending toward other retail products.
Asset Quality and Margins Remain Key Monitorables
Morgan Stanley flags asset quality and margin trends as the key monitorables for L&T Finance going forward, suggesting the brokerage’s underweight stance is likely tied to concerns about how these metrics will evolve as the company continues its rapid retail loan book expansion.
Morgan Stanley’s L&T Finance Note Summary
The table below summarises the key points from Morgan Stanley’s note.
| Parameter | Detail |
|---|---|
| Rating | Underweight (retained) |
| Target Price | Rs 150 |
| Retail Loan Book Growth | +28% YoY |
| Retail Disbursements Growth | +36% YoY |
| Retail Disbursements (ex-gold) | Rs 21,900 crore |
| Key Monitorables | Asset quality, margins |
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L&T Finance Share Price and Recent Performance
L&T Finance share price touched a fresh 52 week high of Rs 335.85 during the session before settling around Rs 334.70, up 2.37 percent. Trading volumes stood at 356,037 shares, compared to the five day average of 601,408 shares, a decrease of 40.80 percent, even as the stock posted a new high on the back of the strong retail loan growth disclosure.
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What This Divergence Means for L&T Finance
The gap between L&T Finance’s fresh 52 week high and Morgan Stanley’s well below-market target and underweight rating highlights a genuine disagreement between the brokerage’s cautious view and the market’s current bullish assessment of the stock. Investors should focus on the asset quality and margin metrics that Morgan Stanley has flagged as key monitorables, since these will likely determine whether the market’s optimism or the brokerage’s caution proves more accurate over time.
Conclusion
L&T Finance share price touched a fresh 52 week high on 6 July 2026 even as Morgan Stanley retained its underweight rating with a target price of Rs 150, despite strong 28 percent YoY retail loan book growth. The stock was trading around Rs 334.70 during the session. Track asset quality trends in upcoming results and consult a SEBI registered advisor before making any investment decision.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions on L&T Finance Share Price
Why is L&T Finance share price in focus today?
Ans. L&T Finance share price touched a fresh 52-week high on 6 July 2026 even as Morgan Stanley retained its underweight rating with a target of Rs 150, despite the retail loan book growing 28 percent YoY.
What is Morgan Stanley’s target price for L&T Finance?
Ans. Morgan Stanley has retained an underweight rating on L&T Finance with a target price of Rs 150, well below the stock’s current trading level.
How much did L&T Finance’s retail loan book grow?
Ans. L&T Finance’s retail loan book grew 28 percent YoY, with retail disbursements up 36 percent YoY, and retail disbursements excluding gold loans standing at Rs 21,900 crore.
Why is Morgan Stanley cautious on L&T Finance despite strong growth?
Ans. Morgan Stanley flags asset quality and margin trends as the key monitorables for L&T Finance, suggesting its underweight rating reflects concerns about how these metrics will evolve amid rapid retail loan book expansion.
What was L&T Finance share price on 6 July 2026?
Ans. L&T Finance share price touched a fresh 52-week high of Rs 335.85 during the session before settling around Rs 334.70, up 2.37 percent.
Is L&T Finance share price a buy despite this underweight rating?
Ans. This article does not constitute investment advice. Brokerage views diverge significantly from the stock’s current momentum. Review the company’s financials and consult a SEBI registered financial advisor before making any investment decision.
