Shares of L&T Finance Holdings Ltd today gained 4.1 per cent driven by December quarter net profit.
The company has reported a 65 per cent increase in December quarter net profit.
Kotak Securities expects L&T Finance to deliver 20 per cent earnings CAGR over FY2014-17.
RoE will gradually increase to 14 per cent in FY2017 from 10 per cent in FY2014, it says.