Pune Media
Leading the news curation and publishing for the people of Pune

Sell Cholamandalam Investment & Finance Company, target price Rs 640: Reliance Broking

Broking has sell call on & Finance Company with a target price of Rs 640. The current market price of Cholamandalam Investment & Finance Company is Rs 700.3.

Cholamandalam Investment & Finance Company Ltd., incorporated in the year 1978, is a Large Cap company (having a market cap of Rs 57467.82 Crore) operating in NBFC sector.

Cholamandalam Investment & Finance Company Ltd. key Products/Revenue Segments include Interest, Fees & Commission Income, Sale of services and Income From Sale Of Share & Securities for the year ending 31-Mar-2022.

Financials

For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2795.91 Crore, up 5.24 % from last quarter Total Income of Rs 2656.63 Crore and up 12.65 % from last year same quarter Total Income of Rs 2481.91 Crore. Company reported net profit after tax of Rs 567.28 Crore in latest quarter.

Investment Rationale
Seeing normal profit-taking. Prevailing chart pattern indicates the decline to extend further.


Promoter/FII Holdings
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs owned 20.22 per cent, DIIs 20.15 per cent.

(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.



Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.

Aggregated From –
Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More