India, Nov. 7 -- Shares of a leading Non-Banking Financial Company (NBFC), offering a range of financial products and services, surged nearly 11 percent to hit a new 52-week high at Rs. 305.35 on Friday. What triggered this steep rise? Let's break it down in this article.

With a market cap of Rs. 75,942 crores, the shares of L&T Finance Limited closed in the green at Rs. 303.55 on BSE, up by around 10.3 percent, as against its previous closing price of Rs. 275.25.

The stock has delivered multibagger returns of around 111 percent in the last one year, and has gained by over 17 percent in the last one month.

What's the News: L&T Finance Limited maintains a well-diversified and granular loan book, with around 98 percent dedicated to the r...