Jayesh Bhanushali of IIFL has a buy call on Cholamandalam Financial Holdings Ltd.
with a target price of Rs 535.0 .
The current price of Cholamandalam Financial Holdings Ltd.
is Rs 503.15.
Time period given by the analyst is Intra Day when Cholamandalam Financial Holdings Ltd.
price can reach defined target.Jayesh Bhanushali recommended to keep a stoploss at Rs 485 .
Cholamandalam Financial Holdings Ltd., incorporated in 1949, has a market cap of Rs 9444.82 crore.Cholamandalam Financial Holdings Ltd.
key Products/Revenue Segments include Income From Dividend which contributed Rs 57.91 Crore to Sales Value (89.61 % of Total Sales), Income From Sale Of Share - Securities which contributed Rs 3.38 Crore to Sales Value (5.23 % of Total Sales), Other Operating Revenue which contributed Rs 3.02 Crore to Sales Value (4.67 % of Total Sales) and Interest which contributed Rs .31 Crore to Sales Value (0.47 % of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 3340.27 Crore, up 6.97 % from last quarter Sales of Rs 3122.53 Crore and up 27.76 % from last year same quarter Sales of Rs 2614.52 Crore Company has reported net profit after tax of Rs 324.92 Crore in latest quarter.
The companys top management includes Mr.Ashok Kumar Barat, Mr.B Ramaratnam, Mr.M M Murugappan, Mr.Sridharan Rangarajan, Mr.V Ravichandran.
Company has S R Batliboi - Associates LLP as its auditors.
As on 30-09-2019, the company has a total of 187,713,780 shares outstanding.