Buy Cholamandalam Investment, target price Rs 320: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has buy call on Cholamandalam Investment & Finance Company Ltd. with a target price of Rs 320.0 . The current market price of Cholamandalam Investment & Finance Company Ltd. is Rs 307.05 Jayesh Bhanushali recommended to keep stoploss at Rs 296
Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 24006.57 Crore) operating in NBFC sector.

Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest which contributed Rs 6565.26 Crore to Sales Value (93.89 % of Total Sales), Income From Sale Of Share & Securities which contributed Rs 336.29 Crore to Sales Value (4.80 % of Total Sales) and Income From Financial Services which contributed Rs 90.42 Crore to Sales Value (1.29 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 2045.23 Crore, up 7.52 % from last quarter Sales of Rs 1902.24 Crore and up 24.51 % from last year same quarter Sales of Rs 1642.67 Crore Company has reported net profit after tax of Rs 315.19 Crore in latest quarter. The company’s top management includes Mr.Arun Alagappan, Mr.Ashok Kumar Barat, Mr.M M Murugappan, Mr.N Ramesh Rajan, Mr.Rohan Verma, Ms.Bharati Rao. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2019, the company has a total of 781,845,505 shares outstanding.