Recommendation from Finance and Power Sector

The scrips in this column have been recommended with a 15-day investment horizon in mind and carry high risk. Therefore, investors are advised to take into account their risk appetite before investing, as fundamentals may or may not back the recommendations.[EasyDNNnews:PaidContentStart]

L&T Finance Ltd.
CMP - ₹260.30
BSE CODE 533519
Volume 99,343
Face Value ₹10
Target ₹280 - ₹286
Stoploss ₹240 (CLS)

L&T Finance is a retail-focused NBFC offering a wide range of products under the L&T Finance brand, including rural business finance, farmer finance, two-wheeler loans, personal loans, home loans, LAP, SME finance and gold loans. The company has steadily transformed its portfolio, with retailisation rising to 98 per cent of the overall book, reflecting a sharper focus on granular, diversified lending.

Financially, the business looks strong. In Q3FY26, the retail book stood at ₹1,11,990 crore, up 21 per cent YoY, while the consolidated book reached ₹1,14,285 crore. Retail disbursements jumped 49 per cent YoY to ₹22,701 crore, showing strong demand momentum. Profitability remained healthy, with PAT at ₹739 crore, ROA at 2.31 per cent, and ROE at 11.07 per cent. Asset quality also remained comfortable, with NS3 at 0.92 per cent and PCR at 72 per cent. With consistent growth and performance, we recommend BUY.

Adani power Ltd.
CMP - ₹154.10
BSE CODE 533096
Volume 62,33,697
Face Value ₹2
Target ₹166 - ₹170
Stoploss ₹143 (CLS)

Adani Power Limited is India’s largest private base-load power company and the country’s largest private sector thermal IPP portfolio. The company has an operating capacity of 18,150 MW across 13 assets, with locked-in capacity of 23,720 MW and a target capacity of 41,870 MW, giving it strong long-term growth visibility. A key strength is that around 90 per cent of its operating assets are tied up under PPAs, which supports revenue stability and cash flow predictability.

Financially, the company remains robust despite softer demand conditions. In 9MFY26, revenue stood at ₹41,876 crore, continuing EBITDA at ₹15,713 crore, and PAT at ₹8,700 crore. Net debt to continuing TTM EBITDA was comfortable at 1.86x, while ROCE and ROE stood at 17 per cent and 19 per cent, respectively. Sustained profitability and a growing pipeline of contracted capacity provide strong visibility for future earnings. We recommend BUY based on the stock's proven track record and expanding market presence.

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