Buy Cholamandalam Investment & Finance Company, target Rs 1350: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Cholamandalam Investment & Finance Company Ltd. with a target price of Rs 1350. The current market price of Cholamandalam Investment & Finance Company Ltd. is Rs 1333.7. The time period given by the analyst is Intra Day when Cholamandalam Investment & Finance Company Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1310.

Cholamandalam Investment & Finance Company Ltd., incorporated in 1978, is a largecap company with a market cap of Rs 20852.63 crore.

Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest which contributed Rs 4839.20 Crore to Sales Value (89.19 % of Total Sales), Income From Financial Services which contributed Rs 521.54 Crore to Sales Value (9.61 % of Total Sales), Other Operating Revenue which contributed Rs 54.68 Crore to Sales Value (1.00 % of Total Sales) and Income From Sale Of Share & Securities which contributed Rs 9.91 Crore to Sales Value (0.18 % of Total Sales)for the year ending 31-Mar-2018.


For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 1536.75 Crore, up 9.43 % from last quarter Sales of Rs 1404.33 Crore and up 26.41 % from last year same quarter Sales of Rs 1215.67 Crore Company has reported net profit after tax of Rs 289.09 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.V Srinivasa Rangan, Ms.Bharati Rao. Company has S R Batliboi & Associates LLP as its auditoRs As on 30-09-2018, the company has a total of 156,351,718 shares outstanding.