Narnolia

Narnolia

Toll Free No: 1800-103-7212

CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD.

NSE : CHOLAFINBSE : 511243ISIN CODE : INE121A01024Industry : Finance - NBFCHouse : Murugappa Chettiar
BSE312.9010 (+3.3 %)
PREV CLOSE ( ) 302.90
OPEN PRICE ( ) 303.80
BID PRICE (QTY) 312.90 (98)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 93647
TODAY'S LOW / HIGH ( )301.60 315.00
52 WK LOW / HIGH ( )218.29 333.9
NSE313.0510.25 (+3.39 %)
PREV CLOSE( ) 302.80
OPEN PRICE ( ) 304.60
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 313.05 (1507)
VOLUME 1837221
TODAY'S LOW / HIGH( ) 301.35 315.20
52 WK LOW / HIGH ( )218.2 333.55
AnalystDate07 Nov 2019
BSECode511243
BlogURLNA
NoteDescriptionAUM growth slowed down impacted by sluggish auto demand and economy pressure. Vehicle disbursement saw sharp sequential decline whereas home equity was flat. Margin saw marginal improvement led by improved pricing, but going ahead decline in cost of fund will support the margin. Assets quality will see some blip on account of sluggishness in the economic activity. However CHOLAFIN continues to grow above industry level driven by positive ALM, strong parentage group, diversified portfolio and continued branch penetration. We believe CHOLAFIN is well placed among peers to leverage on the improvement in economic scenario. We maintain our previous target price of Rs 317 at 2.6x BV FY21e. HOLD
YouTubeURLNA

Directory

current IPO
upcoming IPO
  • --
Narnolia Research & Advisory Narnolia Trading Platforms Narnolia Online | media Room