Cholamandalam Investment & Finance Company share price: Buy Cholamandalam Investment & Finance Company, target price Rs 705: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Cholamandalam Investment & Finance Company with a target price of Rs 705. The current market price of Cholamandalam Investment & Finance Company is Rs 675.45.

Time period given by analyst is Intra Day when Cholamandalam Investment & Finance Company Ltd. price can reach defined target.

Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 55473.03 Crore) operating in NBFC sector.

Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Sale of services and Income From Sale Of Share & Securities for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 2557.46 Crore, up 2.43 % from last quarter Total Income of Rs 2496.71 Crore and up 1.47 % from last year same quarter Total Income of Rs 2520.48 Crore. Company reported net profit after tax of Rs 528.04 Crore in latest quarter.

Rational Investment
Price volume breakout on daily frame and surpassed past hurdles with higher highs from last five weeks



Promoter/FII Holdings
Promoters held 51.55 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.98 per cent, DIIs 19.46 per cent.

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