Technical view on the chart.
Fundamentally, the entire nbfc sector looks weak currently. L&TFH's peers Edelweiss and JM Fin both look weak. May be market is anticipating liquidity crisis 2.0 caused by DHFL. Or may be some issues with the Micro finance loans owing to farm loan waivers.
Worth keeping in the watchlist for a shorting opportunity around 138-140 for target around 115-120.
Fundamentally, the entire nbfc sector looks weak currently. L&TFH's peers Edelweiss and JM Fin both look weak. May be market is anticipating liquidity crisis 2.0 caused by DHFL. Or may be some issues with the Micro finance loans owing to farm loan waivers.
Worth keeping in the watchlist for a shorting opportunity around 138-140 for target around 115-120.