Equal Weight on Cholamandalam Finance, target price Rs 1,675: Axis Securities
Axis Securities has an equal weight call on Cholamandalam Investment & Finance Company with a target price of Rs 1,675. The current market price of Cholamandalam Investment & Finance is Rs 1,271.25. Finance, incorporated in 1978, is a Large Cap company with a market cap of Rs 106977.60 crore, operating in the NBFC sector.
Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Income From Sale Of Share & Securities and Sale of services for the year ending 31-Mar-2024.
Financials For the quarter ended 30-09-2024, the company has reported a Consolidated Total Income of Rs 6322.34 crore, up 7.95% from last quarter Total Income of Rs 5856.75 crore and up 34.66% from last year same quarter Total Income of Rs 4695.16 crore. The company has reported net profit after tax of Rs 967.13 Crore in latest quarter.
The company's top management includes Mr.Vellayan Subbiah, Mr.Ravindra Kumar Kundu, Mr.M A M Arunachalam, Mr.N Ramesh Rajan, Mr.M R Kumar, Ms.Bhama Krishnamurthy, Mr.Anand Kumar. Company has Price Waterhouse LLP as its auditors. As on 30-09-2024, the company has a total of 84 Crore shares outstanding.
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