L&T Finance share price to give 8 pct return by July 25, experts suggest 'sell on rise'

L&T Finance share price is expected to remain bearish as the NBFC stocks are feeling the sentimental heat of acute liquidity crisis. Apart from that, the L&T Finance Holding shares price as per daily timeframe chart is moving in a larger negative sequence of lower tops and bottoms over the last few months. According to stock market experts, the L&T FH futures stock is expected to tumble from current levels to around Rs 110 per stock levels giving stock market investors around 7-8 per cent returns in their investment by July 25th expiry.

Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities said, "The L&T Finance Holdings share price as per daily timeframe chart was moving in a larger negative sequence of lower tops and bottoms over the last few months. The recent upside bounce of the last few weeks seems to have completed now and the stock price has formed a new lower top around Rs 127 on 5th of July. Currently, the stock price shows weakness from the lower highs. The momentum oscillator of daily timeframe signals a possibility of further strengthening of downside momentum ahead."

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On his suggestion to the stock market investors in regard to the L&T Finance Holdings Nagaraj Shetti of HDFC Securities said, "One may look to sell in L&T FH July Future at current market price (Rs 119), sell on rise up to Rs 119.50 and wait for the downside target of Rs 110 till the expiry of July series (25th July). Place a stop loss of Rs 122."

Elaborating upon the reason for L&T Finance Holdings being so weak Prakash Pandey, Head of Research at Fairwealth Securities said, "The L&T FH July Future is weak as the majority of the NBFC is facing acute liquidity crisis and the counter has strong resistance at Rs 122, which was Tuesday close as well. So, I would recommend stock market investors to sell L&T FH July Future at current Rs 119/stock levels for the target of 7-8 per cent by July 25 maintaining a stop loss of Rs 122."