Motilal Oswal has buy call on Cholamandalam Investment & Finance Company Ltd. with a target price of Rs 575. The current market price of Cholamandalam Investment & Finance Company Ltd. is Rs 552.7 .
Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 45315.97 Crore) operating in NBFC sector.
Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 45315.97 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
Price volume breakout after the long consolidation of last 20 trading with its recent highest daily close
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.
