Narnolia

Narnolia

Toll Free No: 1800-103-7212

CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD.

NSE : CHOLAFINBSE : 511243ISIN CODE : INE121A01024Industry : Finance - NBFCHouse : Murugappa Chettiar
BSE279.80-4.85 (-1.7 %)
PREV CLOSE ( ) 284.65
OPEN PRICE ( ) 285.75
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 0.00 (0)
VOLUME 93085
TODAY'S LOW / HIGH ( )276.25 285.75
52 WK LOW / HIGH ( )216 322.2
NSE279.85-5.25 (-1.84 %)
PREV CLOSE( ) 285.10
OPEN PRICE ( ) 286.90
BID PRICE (QTY) 0.00 (0)
OFFER PRICE (QTY) 279.85 (711)
VOLUME 1723921
TODAY'S LOW / HIGH( ) 276.30 286.90
52 WK LOW / HIGH ( )215.42 322.45
AnalystDate01 Aug 2019
BSECode511243
BlogURLNA
NoteDescriptionDespite the headwinds in auto industry CHOLAFIN has been reporting strong performance in all the key metrics. Strong AUM & disbursement growth is testimony of CHOLAFIN strong brand & well diversified portfolio. The growth has been led by both the segment i,e vehicle and home equity. Continuous expansion of branches and diversification of portfolio is helping CHOLAFIN to maintain the healthy growth rate. NIM has been under pressure due to rise in cost of borrowings, however with the ease in borrowings we expect NIM to stabilize with upward bias. Asset quality has shown some blip on sequential basis as a seasonal trend. CHOLAFIN is maintain liquidity buffer in the balance sheet and has positive ALM. However, considering the stress development in the auto and NBFC sector, we remain cautious on assets quality and growth front. We reduce our valuation multiple to 2.6x FY21e and recommend BUY with the target price of Rs 304.
YouTubeURLNA

Directory

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