Buy Cholamandalam Investment, price target Rs 350: Kunal Bothra

Independent Analyst Kunal Bothra has a buy call on Cholamandalam Investment & Finance Company with a target price of Rs 350. The current price of Cholamandalam Investment & Finance Company Ltd. is Rs 333.15 Time period given by the analyst is Intra Day when Cholamandalam Investment & Finance Company Ltd. price can reach defined target. . Kunal Bothra recommended to keep a stoploss at Rs 322 .

Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 25418.79 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 31-12-2019, the company has reported a Consolidated sales of Rs 2289.06 Crore, up 11.92 % from last quarter Sales of Rs 2045.23 Crore and up 24.39 % from last year same quarter Sales of Rs 1840.28 Crore Company has reported net profit after tax of Rs 389.15 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.Ravindra Kumar Kundu, Mr.Rohan Verma, Ms.Bharati Rao. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2019, the company has a total of 781,876,105 shares outstanding.