Shares of L&T Finance Ltd surged over 9% to Rs 300.80, hitting a new all-time high on Friday, Nov 7, after the company shared key business updates showcasing its strong digital and retail transformation strategy. At 10:47 AM, the stock was trading at Rs 298.35, up 8.4% from the previous close of Rs 275.20, with a market capitalization of Rs 70,033 crore.
The financial services firm announced that it has achieved 98% retailization and recorded a 39% year-on-year disbursement growth through its digital partnerships, reinforcing its shift toward a retail-first model. L&T Finance is also expanding into the high-yield gold loan segment, aiming to set up 200 branches by FY26.
The company further highlighted the use of its AI-based credit analytics models — “Cyclops” and “Nostradamus” — for risk assessment and portfolio quality monitoring. Management said the focus remains on sustaining a 2.4% Return on Assets (ROA) and accelerating growth through tech-led scalability and culture transformation.
L&T Finance emerged as one of the top gainers on NSE during Friday’s session, reflecting strong investor confidence in its transformation roadmap.
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