Cholamandalam Investment Share Price: Buy Cholamandalam Investment & Finance Company, Target Price Rs 700: Edelweiss

Edelweiss Financial Services has purchased Cholamandalam Investment & Finance Company Ltd. with a target price of Rs 700.0. The current market price of Cholamandalam Investment & Finance Company Ltd. is Rs 657.3. The time period given by the analyst is Intra Day when the price of Cholamandalam Investment & Finance Company Ltd. can achieve the set goal.

Cholamandalam Investment & Finance Company Ltd., incorporated in 1978, is a large capitalization company (having a market capitalization of Rs 53978.87 Crore) operating in the NBFC sector.

Cholamandalam Investment & Finance Company Ltd. Major revenue/income segments include interest, fee and commission income, sale of services, and income from the sale of stocks and securities for the year ending March 31, 2021.


For the quarter ended 31-12-2021, the company reported consolidated total revenue of Rs 2557.46 Crore, up 2.43% from last quarter, total revenue of Rs 2496.71 Crore and up an increase of 1.47% compared to the same quarter of last year. Total income of Rs 2520.48 Crore. The company reported a net profit after tax of Rs 528.04 Crore last quarter.

Investment rationale
All time fresh giving a breakout from a flag and pole pattern on the daily charts.

Promoter/Fii Holdings
The promoters held 51.55% of the company’s capital as of December 31, 2021, while the FIIs held 20.98% and the DIIs 19.46%.

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