Advisory Analyst Note

Google Play App Store

NARNOLIA FINANCIAL ADVISORS LTD (FORMERLY MICROSEC CAPITAL LTD.); REGISTERED OFFICE ADDRESS: MARBLE ARCH, 2ND FLOOR, OFFICE 201, 236B, A J C BOSE ROAD, KOLKATA- 700020; PHONE NO.-033-40501500; WEBSITE WWW.NARNOLIA.COM. CORRESPONDENCE OFFICE: ARCH WATERFRONT, 5TH FLOOR, BLOCK GP, SALT LAKE, SECTOR 5, KOLKATA-700091; PHONE NO.: 033-40541700; Read More

You can get in touch with us at care@narnolia.com if you have any questions. In case of any grievances, please leave us an email at: ig@narnolia.com

Filing of complaints on SEBI SCORES Website - Easy & Quick

a. Register on SEBI SCORES | b. Mandatory details for filing complaints on SCORES | Name, PAN, Address, Mobile Number, Email ID | c. Benefits: i. Effective Communication ii. Speedy redressal of the grievances

Issued in public interest by Narnolia: Prevent unauthorised transactions in your trading/demat account- Update your mobile number/email ID with your stock broker/depository participant. Receive information of your transactions/alerts directly from Exchange/Depository on your mobile/email at the end of the day. KYC is a one-time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary. Investors don’t need to issue cheques while subscribing to IPOs. Just write your bank account number and sign the application form to authorise your bank to make a payment on your behalf in case of allotment. You don’t have to worry about refunds as the money remains in the investor's account.

AnalystDate	01 Aug 2019
BSECode	511243
BlogURL	NA
NoteDescription	Despite 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.
YouTubeURL	NA

Narnolia

Simple & Secure Trading App with Narnolia

CHOLAMANDALAM INVESTMENT & FINANCE COMPANY LTD.

Knowledge Center

Directory