Securities has a call to buy on Cholamandalam Investment & Finance Company with a target price of Rs 790. The current market price of & Finance Company is Rs 733.35.

Cholamandalam Investment & Finance Company Ltd., incorporated in 1978, is a large capitalization company (having a market capitalization of Rs 59776.23 Crore) operating in the NBFC sector.

Cholamandalam Investment & Finance Company Ltd. The main income products/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, 2022.

finance

For the quarter ended 30-06-2022, the company reported consolidated total revenue of Rs 2795.91 Crore, up 5.24% from last quarter, total revenue of Rs 2656.63 Crore and up up 12.65% from the same quarter last year, total revenue of Rs 2481.91 Crore. The company reported net profit after tax of Rs 567.28 Crore last quarter.

Promoter/Fii Holdings
The promoters held 51.52% of the company’s capital as of June 30, 2022, while the FIIs held 20.22% and the DIIs 20.15%.

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