Cholamandalam Investment & Finance Company Ltd
CHOLAFIN

886.45

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Turnover (lac)
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Day's Vol.(shares)

887.40

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Turnover (lac)
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Buy
Reco. Price
Rs 923.30

Last updated on 06-Dec-2016

We recommend BUY on the stock due to uptick in vehicle finance disbursements, steady improvement in NIMs and improvement in asset quality. The upturn in CV cycle supported by replacement demand will support the vehicle finance disbursements. The stock is trading at 3.3x FY18E BVPS (Target Price Rs- 1016.8)
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50 DMA (.)
1,083.44
100 DMA (.)
1,087.79
200 DMA (.)
955.86
Weekly Range (.)
865.15
959.90
Monthly Range (.)
816.00
1,080.00
52 Weeks Range (.)
590.00
1,243.00
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