Cholamandalam In & Fin Co's target Rs 1465: IIFL Securities's Top Stock to Buy Today
Cholamandalam Investment and Finance Company (Cholamandalam) has received a buy recommendation from IIFL Securities, with a target price set at Rs 1465. This represents a potential upside of approximately 2.4% from the current market price of Rs 1428.95. The recommendation is based on the company's strong financial performance, including a 19% growth in assets under management and a 15% rise in net profit in the most recent quarter.
About Cholamandalam In & Fin Co:
Cholamandalam Investment and Finance Company (CIFCL), listed on the National Stock Exchange (NSE), is a leading non-banking financial company (NBFC) in India. Founded in 1978, CIFCL offers a comprehensive range of financial services, including vehicle finance, business loans, home loans, and fixed deposits. The company has a strong presence across India, with over 1,100 branches and a customer base of over 1 million. CIFCL is known for its strong financial performance, innovative products, and customer-centric approach. As of March 2023, the company had a total loan portfolio of over ₹63,000 crores and a net worth of over ₹11,000 crores.
52 Week Price Trend:
Cholamandalam Investment and Finance Company (NSE: CHOLAFIN) has been displaying a robust performance over the past year, with its current market price (CMP) standing at Rs 1428.95. This represents a significant increase from its 52-week low of Rs 709.85, indicating a strong uptrend. The company's 52-week high price of Rs 1310 also suggests potential for further growth in the near future. Investors may consider this stock for inclusion in their portfolios, taking into account its positive momentum and potential for continued appreciation.
Stratzy's MOST Analysis:
CHOLAFIN has received a AAA rating from Stratzy's MOST Framework, indicating the lowest fundamental risk level. This rating is based on the company's strong management team, positive outlook, solid financial position, and favorable industry trends. The AAA rating suggests that CHOLAFIN is well-positioned for long-term success and poses minimal investment risk for investors.
Company's Fundamentals:
Cholamandalam In & Fin Co. (NS:CHOLAFIN) is a respected financial services provider listed on the NSE with a current stock PE ratio of 29.06. This indicates that the stock's market price is 29.06 times its annual earnings per share. The PB Ratio, at 5.9, signifies that the stock's market value is 5.9 times its book value. Moreover, the dividend yield of 0.18% represents the percentage of the stock's current market price that is paid out as dividends annually. These metrics provide valuable insights into the company's valuation, profitability, and dividend payout policy, assisting investors in making informed investment decisions.
Fundamental and Technical information provided in this blog were last updated on 11 Jul, 2024
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