Buy Cholamandalam Inv. & Fin Ltd for the Target Rs. 1,840 by Motilal Oswal Financial Services Ltd

* Estimate business AUM to grow at ~21% YoY.
* Credit costs are expected to remain stable QoQ at ~1.9%.
* Margin is likely to expand ~5bp QoQ to 6.8%.
* Guidance on margins, loan growth, and asset quality of new businesses is expected to be closely monitored.
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Stock of the day : Cholamandalam Investment and Finance Company Ltd by Target Rs. 1750- Reli...


