L&T Finance, Bajaj Finance Win Upgrades As UBS Sees Fresh Personal Loan Boom Ahead — Check Target Prices
Larsen & Toubro secured new business.
23 Sept 2026 · NDTV Profit
UBS maintains Buy ratings on Poonawalla Fincorp, Cholamandalam Investment and Finance and Shriram Finance, while remaining Neutral on HDB Financial Services, SBI Cards and M&M Financial Services.
The analysis
Against that, the stock is -2.2% on the day at ₹3,687.10, and has returned -7.5% over three months. It sits 16% below its 52-week high. The infrastructure sector has moved -14.3% over the same period, so Larsen & Toubro is running 6.9 points ahead of its peers.
With Larsen & Toubro, Bajaj Finance and State Bank of India all implicated, this reads as a Infrastructure-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (LT, BAJFINANCE, SBIN), which points to a sector-level rather than company-specific driver.
- Sector exposure: Infrastructure, Financial Services, Banks.
- The immediate tone of coverage reads positive.
In this story
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