Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 44426.61 Crore) operating in NBFC sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 2520.48 Crore, up 2.55 % from last quarter Total Income of Rs 2457.89 Crore and up 10.10 % from last year same quarter Total Income of Rs 2289.30 Crore. Company reported net profit after tax of Rs 410.03 Crore in latest quarter.
Investment Rationale
The stock is ripe for a move to Rs 560, which is the previous swing resistance. Once this level is taken out, the stock would head higher to test levels of Rs 585-600. A strong base around Rs 520 would be the base for this rally.
Promoter/FII Holdings
Promoters held 51.6 per cent stake in the company as of Sept 30, 2020, while FIIs held 11.3 per cent, DIIs 29.1 per cent and public and others 7.9 per cent.
