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Buy Cholamandalam Investment and Finance Ltd For Target Rs. 1,350 - Motilal Oswal Financial Services Ltd Strong AUM growth of 40% YoY; announces ~INR40b equity raise * CIFC’s PAT grew 28% YoY to INR7.3b (18% miss), while NII rose 24% YoY to INR18.4b (5% miss) in 1QFY24. NIM contracted by ~30bp QoQ to 6.7% on account of a ~40bp QoQ increase in borrowing costs. * Opex remained elevated, with the cost-income ratio increasing ~160bp YoY to ~37%. PPoP grew 26% YoY to INR13.4b (10% miss) in 1QFY24. * GS3/NS3 increased ~5bp QoQ to 3.1%/1.7%. Annualized credit costs stood at 1.3% (PY: 1.5...
Buy Cholamandalam Investment and Finance Ltd For Target Rs. 1,350 - Motilal Oswal Financial Services Ltd
Buy Cholamandalam Investment and Finance Ltd For Target Rs. 1,350 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
3/08/2023 2:42:30 PM
Buy Cholamandalam Investment and Finance Ltd For Target Rs.1,350 - Motilal Oswal Financial Services Newer businesses to become RoA accretive from FY25 and aid RoA expansion * Cholamandalam Finance (CIFC) has made a big push towards reducing the cyclicality, which is so inherent in its core vehicle financing business. As a result of its focused efforts to diversify the mix, CIFC's disbursements in FY23 were buoyed by robust performances in Home Loans, LAP, CSEL, SBPL and SME segments. * In addition to product diversification, the overall loan portfolio is also geographically well s...
Buy Cholamandalam Investment and Finance Ltd For Target Rs.1,350 - Motilal Oswal Financial Services
Buy Cholamandalam Investment and Finance Ltd For Target Rs.1,350 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services
5/07/2023 1:08:00 PM
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance Ashok Leyland is currently trading at Rs. 150.85, up by 0.75 points or 0.50% from its previous closing of Rs. 150.10 on the BSE. The scrip opened at Rs. 150.50 and has touched a high and low of Rs. 150.90 and Rs. 150.15 respectively. So far 62138 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 169.40 on 06-Sep-2022 and a 52 week low of Rs. 128.35 on 17-Jun-2022. Last one week high and low of the scrip stood at R...
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance
Ashok Leyland rises on entering into partnership with Cholamandalam Investment and Finance
Source: Accord Fintech
7/06/2023 10:48:58 AM
Add Cholamandalam Investment and Finance Ltd For Target Rs. 950 - ICICI Securities Cholamandalam Investment and Finance (Chola) has in the past stood out among peers in terms of business performance across cycles. The most prominent driver for that outperformance was the ability to grow most in a CV upcycle (26% vehicle AUM CAGR during FY16-FY19 vs 13% / 17% / 17% for Shriram Finance / MMFSL / Sundaram, respectively) and it has yet again done the same in FY23 (27% for Chola vs 15% / 23% / 22% for Shriram Finance / MMFSL / Sundaram). However, the prominent addition to compan...
Add Cholamandalam Investment and Finance Ltd For Target Rs. 950 - ICICI Securities
Add Cholamandalam Investment and Finance Ltd For Target Rs. 950 - ICICI Securities
Source: ICICI Securities
23/05/2023 11:21:42 AM
Add Cholamandalam Investment and Finance Ltd For Target Rs.1,075 - Yes Securities Ltd Robust performance and commentary drive significant earnings upgrade Chola’s earnings were 2% above our expectation, but it delivered a significant 11% beat on PPOP aided by 20 bps NIM expansion (v/s expectation of marginal decline) and controlled opex growth (6% below estimate). PPOP growth was stronger than AUM growth at 18% qoq/40% yoy. Strong collections (controlled flow fwd. and consistently higher roll backs) drove significant decline in Stage-2 and Stage-3 assets. Key mana...
Add Cholamandalam Investment and Finance Ltd For Target Rs.1,075 - Yes Securities Ltd
Add Cholamandalam Investment and Finance Ltd For Target Rs.1,075 - Yes Securities Ltd
Source: Yes Securities Ltd
6/05/2023 3:24:35 PM
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.130 - Motilal Oswal Financial Services Ltd Healthy execution with strong AUM growth and moderation in cost ratios * CIFC’s PAT grew 24% YoY to INR8.5b, while NII grew 29% YoY to INR17.6b in 4QFY23. FY23 PAT rose 24% YoY to ~INR26.7b. * Opex increased 21% YoY to INR7.9b (5% lower than estimates) and the costto-income ratio declined 340bp YoY to ~38%. PPoP grew 40% YoY to INR12.7b (14% beat). * NIM/core spreads were sequentially stable at 7.0%/6.7%, with an increase in borrowing costs offset by an expansion in yields. ...
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.130 - Motilal Oswal Financial Services Ltd
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.130 - Motilal Oswal Financial Services Ltd
Source: Motilal Oswal Financial Services Ltd
5/05/2023 12:38:08 PM
Cholamandalam Investment and Finance Company zooms on reporting 25% rise in Q4 consolidated net profit Cholamandalam Investment and Finance Company is currently trading at Rs. 948.85, up by 62.40 points or 7.04% from its previous closing of Rs. 886.45 on the BSE. The scrip opened at Rs. 915.00 and has touched a high and low of Rs. 970.20 and Rs. 915.00 respectively. So far 287266 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 970.20 on 03-May-2023 and a 52 week low of Rs. 594.00 on 14-Jun-2022. Last one week hig...
Cholamandalam Investment and Finance Company zooms on reporting 25% rise in Q4 consolidated net profit
Cholamandalam Investment and Finance Company zooms on reporting 25% rise in Q4 consolidated net profit
Source: Accord Fintech
4/05/2023 2:53:14 PM
Cholamandalam Finance NCD subscribed 5.17 times on Final Day of bidding Cholamandalam Investment and Finance Company Limited (CIFCL), a leading financial services provider in India, its maiden public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) has been oversubscribed 5.17 times on the final day of the issue which garnered more than Rs 2500 crore. The issue has a face value of Rs. 1,000 each. The base issue size is Rs. 500 crore with an option to retain oversubscription up to Rs. 500 crore, aggregating up to Rs. 1000 crore, with...
Cholamandalam Finance NCD subscribed 5.17 times on Final Day of bidding
Cholamandalam Finance NCD subscribed 5.17 times on Final Day of bidding
Source: PR Agency
27/04/2023 8:10:25 PM
Cholamandalam Finance NCD oversubscribed 5.11 times on Day 2, garners over Rs 2500 cr * Base Issue oversubscribed by 5. 11 times with a total collection of Rs 2556.36 Crore * Retail category oversubscribed by 1.93 times (of the total issue size of Rs 500 crore) with a collection of Rs 288.90 Crore * A.K.Capital Services Limited is the sole lead manager to the issue * Issue opened on Tuesday, April 25, 2023 and closes Thursday, April 27, it was to close on Tuesday, May 9, 2023 with an option of early closure Cholamandalam Investment and Finance Company Limited (CIFC...
Cholamandalam Finance NCD oversubscribed 5.11 times on Day 2, garners over Rs 2500 cr
Cholamandalam Finance NCD oversubscribed 5.11 times on Day 2, garners over Rs 2500 cr
Source: PR Agency
27/04/2023 12:52:56 PM
Strong Demand for Cholamandalam Finance NCD, musters more than Rs 2500 cr on Day 1 Cholamandalam Investment and Finance Company Limited (CIFCL), a leading financial services provider in India, its maiden public issue of secured, rated, listed redeemable non-convertible debentures (NCDs) has been oversubscribed 5.03 times on the first day of the issue which garnered more than Rs 2500 crore. The issue has a face value of Rs. 1,000 each. The base issue size is Rs. 500 crore with an option to retain oversubscription up to Rs. 500 crore, aggregating up to Rs. 1000 crore, with...
Strong Demand for Cholamandalam Finance NCD, musters more than Rs 2500 cr on Day 1
Strong Demand for Cholamandalam Finance NCD, musters more than Rs 2500 cr on Day 1
Source: PR Agency
25/04/2023 7:40:13 PM
Cholamandalam Investment, Aptus Value deny M&A talks Conglomerate and acquisitive Murugappa Group's Cholamandalam Investment and Finance Company Ltd on Thursday denied it is interested in Aptus Value Housing Finance India Ltd. In a statement, Cholamandalam Investment referring to a news report that said the company is interested in management control of the home finance company said: "We wish to clarify that Chola has not expressed any interest either in the past or present in acquiring Aptus Value Housing Finance India Ltd." ...
Cholamandalam Investment, Aptus Value deny M&A talks
Cholamandalam Investment, Aptus Value deny M&A talks
Source: IANS
9/03/2023 12:11:11 PM
Weekly Tech Picks: Cholamandalam Investment and Finance Co. Ltd , KPIT Technologies Ltd , Ashok Leyland Ltd, Supreme Industries Ltd By Axis Securities Cholamandalam Investment and Finance Co. Ltd. • CHOLAFIN on the weekly chart has decisively broken out above the “Falling channel” with strong bullish candle. • The breakout is accompanied with an increase in volume confirming participation at breakout level. • Stock is holding above 50% Fibonacci 3 February, 2023• Stock is holding above 50% Fibonacci retracement of a rally 469-818 which is placed at 644 forming a medium term support zone. • Th...
Weekly Tech Picks: Cholamandalam Investment and Finance Co. Ltd , KPIT Technologies Ltd , Ashok Leyland Ltd, Supreme Industries Ltd By Axis Securities
Weekly Tech Picks: Cholamandalam Investment and Finance Co. Ltd , KPIT Technologies Ltd , Ashok Leyland Ltd, Supreme Industries Ltd By Axis Securities
Source: Axis Securities Ltd
6/02/2023 1:30:52 PM
Buy Cholamandalam Investment For Target Rs. 860 - Emkay Global Financial Services Growth outlook revised upwards * Cholamandalam Investment and Finance Company (CIFC) reported Q2FY23 earnings of ~Rs.5.6bn,~7%/~6% below ours and consensus estimates. Higher-than-expected compression in NIM, due to lag effect of PLR hikes, coupled with elevated credit costs resulted in earnings coming below our estimates. Disbursements grew by 9.7% qoq/68% yoy, driven by 47.7% qoq growth in the SME and consumer finance verticals. As a result, AUM grew by 7% qoq/25.2% yoy. The share of SME/...
Buy Cholamandalam Investment For Target Rs. 860 - Emkay Global Financial Services
Buy Cholamandalam Investment For Target Rs. 860 - Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd.
3/11/2022 4:51:08 PM
Buy Cholamandalam Investment and Finance Ltd For Target Rs.910 - Motilal Oswal Financial Services Strong operational performance barring NIM compression * CIFC’s PAT declined 7% YoY to INR5.6b while NII grew 17% YoY to INR14.9b in 2QFY23. PPoP rose 18% YoY to INR10.4b. NIM contracted ~35bp YoY and ~45bp QoQ in 2QFY23 led by a sharp ~70bp QoQ increase in the CoB. * GS3/NS3 improved 30bp/20bp QoQ to 3.8%/2.3%, respectively, and PCR on S3 improved ~80bp QoQ to ~41.5%. * For 1HFY23, RoE moderated to 18.3% (PY: 18.7%). Disbursement momentum continued to remain strong and grew 12...
Buy Cholamandalam Investment and Finance Ltd For Target Rs.910 - Motilal Oswal Financial Services
Buy Cholamandalam Investment and Finance Ltd For Target Rs.910 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
3/11/2022 12:22:23 PM
Buy Cholamandalam Investment and Finance Ltd For Target Rs.925 - Motilal Oswal Financial Services Sectoral tailwinds to accelerate growth Demand outlook healthy; asset quality will exhibit steady improvement * Despite cyclicality in the vehicle finance business, CIFC is slowly but steadily morphing into an enviable franchise by diversifying into newer product segments, scaling up its LAP (Loan against property) segment, and further strengthening its liability franchise. Notably, CIFC is highly focused on improving the underlying asset quality, which was adversely impacted during the...
Buy Cholamandalam Investment and Finance Ltd For Target Rs.925 - Motilal Oswal Financial Services
Buy Cholamandalam Investment and Finance Ltd For Target Rs.925 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
14/10/2022 11:19:30 AM
Lendingkart Inks Startegic Alliance With Chola to Lend Business Loans to SMEs and MSMEs Chennai: Lendingkart, a pioneer in financial services and a leading fintech company, today announced its co-lending partnership with Cholamandalam Investment and Finance company Ltd (Chola) to disburse business loans to SMEs. The partnership will be a100% digital process for customers. Here the working capital loans will be disbursed to small and medium businesses. With this partnership, Lendingkart aims to expand their reach to tier2/tier 3 cities to bridge the financial gaps that exist i...
Lendingkart Inks Startegic Alliance With Chola to Lend Business Loans to SMEs and MSMEs
Lendingkart Inks Startegic Alliance With Chola to Lend Business Loans to SMEs and MSMEs
Source: PR Agency
4/10/2022 4:16:31 PM
Buy Cholamandalam Investment & Finance Ltd For Target Rs.743 - ICICI Securities Successful execution of “Expanding Horizons” strategy will cement high multiples Cholamandalam Investment’s (Chola) main narrative in FY23 and possibly in near future will be that of “Expanding Horizons”. This is amply reiterated in its FY22 annual report (link). While diversification cuts across as a common business strategy for vehicle financiers, Chola possibly outperforms peers in presenting more concerted efforts and outcomes like (1) already significant ...
Buy Cholamandalam Investment & Finance Ltd For Target Rs.743 - ICICI Securities
Buy Cholamandalam Investment & Finance Ltd For Target Rs.743 - ICICI Securities
Source: ICICI Securities Ltd
13/07/2022 12:08:04 PM
Stock Picks - ITC Ltd and Cholamandalam Investment and Finance Company Ltd By ICICI Direct ITC Ltd Buy ITC Ltd @ 271.00-272.00 CMP 273.40 Stop Loss 268.80 Target 274.00/276.50   Cholamandalam Investment and Finance Company Ltd Buy Cholamandalam Investment and Finance Company Ltd @ 657.00-659.00 CMP 658.75 Stop Loss 664.30 Target 652.10/646.00   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html...
Stock Picks - ITC Ltd and Cholamandalam Investment and Finance Company Ltd By ICICI Direct
Stock Picks - ITC Ltd and Cholamandalam Investment and Finance Company Ltd By ICICI Direct
Source: ICICI Direct
6/06/2022 9:56:34 AM
Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric Cholamandalam Investment and Finance Company is currently trading at Rs. 681.00, up by 4.30 points or 0.64% from its previous closing of Rs. 676.70 on the BSE. The scrip opened at Rs. 672.10 and has touched a high and low of Rs. 683.10 and Rs. 665.00 respectively. So far 22701 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 770.05 on 26-Apr-2022 and a 52 week low of Rs. 469.75 on 20-Dec-2021. Last one week high ...
Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric
Cholamandalam Investment and Finance Company gains on teaming up with Hero Electric
Source: Accord Fintech
31/05/2022 3:39:08 PM
Cholamandalam Investment and Finance Company inches up on partnering with CarTrade Tech Cholamandalam Investment and Finance Company is currently trading at Rs. 652.75, up by 0.50 points or 0.08% from its previous closing of Rs. 652.25 on the BSE. The scrip opened at Rs. 658.50 and has touched a high and low of Rs. 658.50 and Rs. 647.40 respectively. So far 13751 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 770.05 on 26-Apr-2022 and a 52 week low of Rs. 469.75 on 20-Dec-2021. Last one week high ...
Cholamandalam Investment and Finance Company inches up on partnering with CarTrade Tech
Cholamandalam Investment and Finance Company inches up on partnering with CarTrade Tech
Source: Accord Fintech
24/05/2022 10:57:29 AM
CarTrade Tech jumps on entering into partnership with Chola CarTrade Tech is currently trading at Rs. 616.85, up by 22.30 points or 3.75% from its previous closing of Rs. 594.55 on the BSE. The scrip opened at Rs. 595.00 and has touched a high and low of Rs. 620.50 and Rs. 595.00 respectively. So far 3390 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1610.00 on 20-Aug-2021 and a 52 week low of Rs. 462.10 on 24-Feb-2022. Last one week high and low of the scrip stood at...
CarTrade Tech jumps on entering into partnership with Chola
CarTrade Tech jumps on entering into partnership with Chola
Source: Accord Fintech
24/05/2022 10:18:10 AM
Cholamandalam Financ Q4 net profit up 13.54% at Rs 36.30 cr The company reported standalone net profit of Rs 36.30 crore for the quarter ended March 31, 2022 as compared to Rs 31.97 crore in the same period last year, registering a year-on-year growth of 13.54 per cent. Net revenue of the company rose by 0.30 per cent at Rs 50.85 crore in January-March quarter of this fiscal as against Rs 50.70 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 1.75 per cent to Rs 1.12 crore from Rs 1.14 crore i...
Cholamandalam Financ Q4 net profit up 13.54% at Rs 36.30 cr
Cholamandalam Financ Q4 net profit up 13.54% at Rs 36.30 cr
Source: Dion Global Solutions Ltd
12/05/2022 11:47:38 AM
Buy Cholamandalam Investment & Finance For Target Rs.735 - Emkay Global Looking beyond near-term cost pressures; maintain Buy * Chola Investments (CIFC) posted Q4 earnings of Rs6.9bn, up 32% qoq and 184% yoy. While reported earnings came in much above our estimates on provision write-backs, the operating profit missed our estimates by 5% due to higher-than-expected operating expenses. The key highlights are: 1) strong disbursement growth of 21% qoq, which resulted in AUM growth of 10% yoy; 2) increased contribution from the newly launched businesses; 3) stable...
Buy Cholamandalam Investment & Finance For Target Rs.735 - Emkay Global
Buy Cholamandalam Investment & Finance For Target Rs.735 - Emkay Global
Source: Emkay Global Financial Services Ltd
10/05/2022 3:00:05 PM
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.810 - Motilal Oswal Well equipped to manage the interest rate up-cycle; build-out of newer businesses will be key CIFC reported a sequentially weak PPOP in 4QFY22, led by interest income reversals of INR0.5b and an elevated cost ratio of 3.5% (v/s 3.9% YoY), while PAT rose by ~180%YoY aided by provision write-backs. AUM and disbursements grew 10%/36% YoY in FY22. While we model in a margin compression, we recognize that it has levers on OPEX and credit costs to deliver a healthy RoA/RoE of 2.7%/19% in FY24E. ...
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.810 - Motilal Oswal
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.810 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/05/2022 12:34:04 PM
Update on Cholamandalam Inv. & Finance Ltd by Motilal Oswal PPoP miss but earnings beat led by provision write-backs CIFC reported 4QFY22 PAT of INR6.9b (13% beat), up 184% YoY. While there was a margin compression of ~30bp QoQ and CIR was elevated at ~42%, the earnings beat was driven by provision write-backs of INR174m. NII was flat QoQ at INR13.68b (4% miss) driven by interest income reversals of ~INR550m on the write-offs taken during the quarter. This also led to core spreads declining 40bp QoQ to 7.2%  Calculated write-offs stood at ~INR5...
Update on Cholamandalam Inv. & Finance Ltd by Motilal Oswal
Update on Cholamandalam Inv. & Finance Ltd by Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
6/05/2022 2:33:18 PM
Update on Cholamandalam Investment & Finance Ltd by Motilal Oswal Strong disbursement volumes and healthy collection efficiency Momentum in new product lines ahead of the management’s guidance * Disbursements rose 58% YoY and 22% QoQ to INR127.2b in 4QFY22 (est. INR120b). CIFC reported a healthy (15% QoQ) growth in Vehicle Finance and strong disbursements (INR15.1b) in the new product lines (est. INR13b). * Disbursements rose 36% YoY in FY22, led by 26%/53%/23% YoY growth in Vehicle/LAP/Home loans. It reported INR26.2b in disbursements in ne...
Update on Cholamandalam Investment & Finance Ltd by Motilal Oswal
Update on Cholamandalam Investment & Finance Ltd by Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
14/04/2022 9:36:37 AM
Stock Picks - DLF Ltd And Cholamandalam Investment and Finance Ltd By ICICI Direct DLF Ltd Buy DLF Ltd @423.00-425.00 CMP 425.05 TGT 432.50 SL 419.70   Cholamandalam Investment and Finance Company Buy Cholamandalam Investment and Finance Ltd @600.00-602.00 CMP 602.15 TGT 612.80 SL 595.70   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all participants are for informa...
Stock Picks - DLF Ltd And Cholamandalam Investment and Finance Ltd By ICICI Direct
Stock Picks - DLF Ltd And Cholamandalam Investment and Finance Ltd By ICICI Direct
Source: ICICI Direct
18/01/2022 2:51:37 PM
Buy Cholamandalam Investment & Finance Ltd For Target Rs.700 - Motilal Oswal Going strong despite supply-side headwinds Asset quality exhibiting steady improvement * Cholamandalam Investment & Finance (CIFC) is a franchise we have always felt very strongly about owing to its ability to play different credit cycles better than its peers. We particularly like that even within Vehicle Finance, it very tactically turns Underweight/Overweight in different product segments to deliver industry-leading growth and the most benign credit costs. * Understandably, CI...
Buy Cholamandalam Investment & Finance Ltd For Target Rs.700 - Motilal Oswal
Buy Cholamandalam Investment & Finance Ltd For Target Rs.700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
9/12/2021 9:25:49 AM
Buy Cholamandalam Investment and Finance Ltd Ltd For Target Rs.700 - Emkay Global Growth outlook remains strong * Chola Investments (CIFC) posted Q2 earnings of Rs6.1bn, up 40% yoy. The key highlights are – 1) Pick-up in disbursements reversed the AUM decline seen in Q1FY22. 2) Reduction in the cost of funds resulted in NIM expansion qoq. 3) Restructured loans keep the proportion of stage 2 loans near Q1FY22 levels, contrary to market expectations. With improving collection efficiency mom, the proportion of stage 2 assets should decline. * CIFC is a comprehensi...
Buy Cholamandalam Investment and Finance Ltd Ltd For Target Rs.700 - Emkay Global
Buy Cholamandalam Investment and Finance Ltd Ltd For Target Rs.700 - Emkay Global
Source: Emkay Global Financial Services Ltd
23/11/2021 9:57:04 AM
Stock Picks - Tata Motors Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct Tata Motors Buy Tata Motors Ltd @ 508.00-509.60 CMP 508.50 TGT 518.60 SL 503.70   Cholamandalam Investment & Finance Buy Cholamandalam Investment and Finance Ltd @ 664.00-666.00 CMP 664.20 TGT 678.20 SL 658.30   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all parti...
Stock Picks - Tata Motors Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct
Stock Picks - Tata Motors Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct
Source: ICICI Direct
15/11/2021 11:59:46 AM
Buy Cholamandalam Investment and Finance Ltd For Target Rs.703 - ICICI Securities Stress pool moderates a tad; mere 30bps credit cost buoys earnings Cholamandalam Finance’s (Chola) stress pool in Q2FY22 moderated a tad with stage-3 pool at 6.16% (vs 6.79% QoQ) and stage-2 assets at 12.68% (vs 14%) including restructuring of 6.85% (5.58% under OTR 2.0). Stress levels are higher compared with pre-covid average stage-3 at 3.0-3.5% and stage-2 at 3.5-4.0%. With improved collection efficiency of 114%/115%/116% in Jul/Sep/Oct, trajectory is clearly on a decline, but wil...
Buy Cholamandalam Investment and Finance Ltd For Target Rs.703 - ICICI Securities
Buy Cholamandalam Investment and Finance Ltd For Target Rs.703 - ICICI Securities
Source: ICICI Securities Ltd
6/11/2021 10:08:15 AM
Buy Cholamandalam Investment & Finance For Target Rs.630 - Yes Securities ‘Strong execution on growth and asset quality; H2 FY22 looks even better’ Our view CIFC delivered a decent earnings beat on our expectations underpinned by a) stronger disbursements recovery (up 2.4x qoq/35% yoy) across business segments, b) AUM accretion of 3% over June level notwithstanding higher portfolio run-off (stronger collections), c) NIM increase of 10 bps qoq aided by material CoF decline and partial absorption of buffer liquidity and d) marginal credit cost drive...
Buy Cholamandalam Investment & Finance For Target Rs.630 - Yes Securities
Buy Cholamandalam Investment & Finance For Target Rs.630 - Yes Securities
Source: Yes Securities Ltd
3/11/2021 10:05:26 AM
Neutral Cholamandalam Investment & Finance Ltd For Target Rs.700 - Motilal Oswal Disbursements gained momentum; decline in the stressed asset pool * CIFC reported a PAT of INR6.1b (5% beat) in 2QFY22, up 86% QoQ and 40% YoY on account of lower than anticipated credit costs (~35bp; multi-quarter low), but was partly negated by higher OPEX of INR5.2b (up 46% YoY and 40% QoQ). * Core spreads declined by 15bp QoQ and 25bp YoY to 7.5%. Other income was up 29% QoQ, in line with the growth in disbursements. * Asset quality improved with a decline of ~200bp QoQ in S2+S3 ...
Neutral Cholamandalam Investment & Finance Ltd For Target Rs.700 - Motilal Oswal
Neutral Cholamandalam Investment & Finance Ltd For Target Rs.700 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
2/11/2021 11:27:02 AM
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.660 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaime
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.660 - Religare Broking
Buy Cholamandalam Investment and Finance Company Ltd Target Rs.660 - Religare Broking
Source: Religare Broking Ltd
28/10/2021 11:16:58 AM
Stock Picks - Tata Steel Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct Tata Steel Buy Tata Steel Ltd @ 1358.00-1362.00 CMP 1359.85 TGT 1383.00 SL 1348.30   Cholamandalam Investment and Finance Company Buy Cholamandalam Investment and Finance Ltd @ 595.00-597.00 CMP 595.85 TGT 608.00 SL 589.90   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by all p...
Stock Picks - Tata Steel Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct
Stock Picks - Tata Steel Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct
Source: ICICI Direct
14/10/2021 11:37:23 AM
Buy Cholamandalam Investment and Finance Ltd Target Rs. 610 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer at https://www.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Cholamandalam Investment and Finance Ltd Target Rs. 610 - Religare Broking
Buy Cholamandalam Investment and Finance Ltd Target Rs. 610 - Religare Broking
Source: Religare Broking Ltd
8/10/2021 10:56:02 AM
Cholamandalam Investment & Finance Company Limited Reiterates partnership with Sri Sathya sai sanjeevani Hospitals for free child heart surgeries * Earmarks outlay of INR 120 lakhs for the 2021 – 2022 fiscal * Free heart treatment provided to children of heavy commercial vehicle drivers, cleaners and mechanics during COVID-19 September 29, 2021: Cholamandalam Investment & Finance Company Limited (Chola), the financial services arm of Murugappa Group, today reiterated its alliance with Sri Sathya Sai Sanjeevani Hospitals to provide free cardiac treatment and care to children of drivers, cleaners and mechanics of Com...
Cholamandalam Investment & Finance Company Limited Reiterates partnership with Sri Sathya sai sanjeevani Hospitals for free child heart surgeries
Cholamandalam Investment & Finance Company Limited Reiterates partnership with Sri Sathya sai sanjeevani Hospitals for free child heart surgeries
Source: PR Agency
29/09/2021 3:45:44 PM
Buy Cholamandalam Investment and Finance Ltd Target Rs.620 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Above views are of the author and not of the website kindly read disclaimer
Buy Cholamandalam Investment and Finance Ltd Target Rs.620 - Religare Broking
Buy Cholamandalam Investment and Finance Ltd Target Rs.620 - Religare Broking
Source: Religare Broking Ltd
14/09/2021 10:54:20 AM
Buy Cholamandalam Investment and Finance Ltd For Target Rs.617 - ICICI Securities Stress, though baffling, is transitory; company prepared to grow as normalcy returns Rise in Cholamandalam Finance’s (Chola) stress pool in Q1FY22 is baffling. Stage3 pool spiked to 6.79% (vs 3.96% in FY21), stage-2 assets more the doubled to 14% (vs 6.2%) and the company further restructured 3.9% of its loans under OTR 2.0. Consequently, credit cost hovered high at 3% despite utilising Rs4bn from the contingency buffer. Disbursements too plunged 55% QoQ (flat YoY) moderating AUM gro...
Buy Cholamandalam Investment and Finance Ltd For Target Rs.617 - ICICI Securities
Buy Cholamandalam Investment and Finance Ltd For Target Rs.617 - ICICI Securities
Source: ICICI Securities
9/09/2021 1:13:24 PM
Buy Cholamandalam Investment and Finance Ltd For Target Rs.650 - Motilal Oswal Muted disbursements; PAT beat despite elevated credit costs * Cholamandalam Inv & Fin (CIFC) reported 1QFY22 PAT of INR3.3b (11% beat), up 34% QoQ / down 24% YoY. This was on account of strong control over opex (12% below our estimates), despite elevated credit costs (up 10% QoQ to INR5.5b; annualized: 3.2%). NIM on AUM (calculated) stood at 7.4%, up 20bp QoQ. * The PAT beat, however, belies the poor on-the-ground demand in 1QFY22 and gives credence to CIFC’s conservative unde...
Buy Cholamandalam Investment and Finance Ltd For Target Rs.650 - Motilal Oswal
Buy Cholamandalam Investment and Finance Ltd For Target Rs.650 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
28/08/2021 10:41:42 AM
Buy Cholamandalam Investment and Finance Company Ltd Target Rs. 530 - Religare Broking Religare Super Idea   To Read Complete Report & Disclaimer Click Here   Please refer disclaimer http://ex.religareonline.com/disclaimer SEBI Registration number is INZ000174330   Views express by all participants are for information & academic purpose only. Kindly read disclaimer before referring below views. Click Here For Disclaime
Buy Cholamandalam Investment and Finance Company Ltd Target Rs. 530 - Religare Broking
Buy Cholamandalam Investment and Finance Company Ltd Target Rs. 530 - Religare Broking
Source: Religare Broking Ltd
5/08/2021 11:30:48 AM
Add Cholamandalam Investment & Finance Ltd For Target Rs. 580 - Yes Securities Our view  ‐ Swift recovery in collections and transient nature of stress pool comes to rescue Chola (CIFC) missed our Q1 FY22 PAT estimate by 35% due to lower disbursements and sharper‐than‐anticipated increase in PAR 30 which mandated higher provisions. PAR 30 increased by 11 ppt qoq to 21% of loan portfolio, though bulk of the bulging was in Stage‐2 (8 ppt increase from 6% as of March). Restructuring 2.0 was 3.9% of loan assets, and cumulative restructuring increased to 5.4%. R...
Add Cholamandalam Investment & Finance Ltd For Target Rs. 580 - Yes Securities
Add Cholamandalam Investment & Finance Ltd For Target Rs. 580 - Yes Securities
Source: Yes Securities
3/08/2021 11:58:09 AM
Stock Picks - Godrej Consumer Product Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct Godrej Consumer Product Buy Godrej Consumer Product Ltd @ 958.00-962.00 CMP 967.05 TGT 979.00 SL 950.40   Cholamandalam Finance Buy Cholamandalam Finance Ltd @ 514.00-515.00 CMP 515.20 TGT  509.60 SL 519.60   To Read Complete Report & Disclaimer Click Here   https://secure.icicidirect.com/Content/StaticData/Disclaimer.html   Views express by a...
Stock Picks - Godrej Consumer Product Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct
Stock Picks - Godrej Consumer Product Ltd and Cholamandalam Investment and Finance Ltd By ICICI Direct
Source: ICICI Direct
9/07/2021 11:01:34 AM
Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.650 - Motilal Oswal One-offs lead to PAT miss * CIFC reported a 4QFY21 PAT of INR2.4b, 55% miss on higher-than-expected employee expenses and credit costs. The PAT miss belies the healthy onthe-ground operating performance.Disbursements/AUM grew 43%/16% YoY, while asset quality was stable. * In FY21, CIFC delivered NII/PPOP/PAT growth of 32-44% YoY. It also increased its total provision buffer by 90bp to 3.6% in FY21.   Growth momentum picks up across the board * While disbursements were larg...
Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.650 - Motilal Oswal
Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.650 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
1/06/2021 11:29:44 AM
Add Cholamandalam Investment and Finance Ltd For Target Rs. 617 - ICICI Securities Beefing-up buffer to cushion earnings; positioned to grow when normalcy returns Cholamandalam Investment’s (Chola) Q4FY21 earnings surprised on few counts: 1) Despite retracement in collection efficiency, stage-2/3 went up QoQ (crossing 10% mark); however restructuring of ~2% was categorised as stage-2 assets; 2) its stance of creating further covid buffer of Rs3.5bn (against its Q3FY21 guidance of consuming the buffer); and 3) elevated employee cost of Rs2.7bn (vs Rs1.6n quarterly r...
Add Cholamandalam Investment and Finance Ltd For Target Rs. 617 - ICICI Securities
Add Cholamandalam Investment and Finance Ltd For Target Rs. 617 - ICICI Securities
Source: ICICI Securities Ltd
25/05/2021 11:33:41 AM
Key News - Larsen & Toubro Ltd, Cipla Ltd, Welspun India Ltd, Truck rentals, Cholamandalam Investment and Finance Company by ARETE Securities Key News L&T Q4 consolidated net profit up 3% to Rs 3,293 crore on higher revenues India’s largest engineering and construction firm Larsen & Toubro (L&T) on Friday reported a consolidated net profit of Rs 3,293 crore for Q4, up 3 per cent year-on-year (YoY) on higher revenues and surge in other income. The reported net profit was higher than Bloomberg consensus estimate of Rs 3,042 crore, despite the 116 per cent YoY jump in tax expenses to Rs 2,087 crore. In Q4, net ...
Key News - Larsen & Toubro Ltd, Cipla Ltd, Welspun India Ltd, Truck rentals, Cholamandalam Investment and Finance Company by ARETE Securities
Key News - Larsen & Toubro Ltd, Cipla Ltd, Welspun India Ltd, Truck rentals, Cholamandalam Investment and Finance Company by ARETE Securities
Source: ARETE Securities Ltd
17/05/2021 9:19:20 AM
Buy Cholamandalam Investment Ltd For Target Rs.650 - Emkay Global Near-term headwinds; long-term growth story still intact * Despite in-line NII, CIFC reported lower-than-expected PAT of Rs2.4bn (-40.5% qoq, +470% yoy) in Q4FY21 due to elevated employee charges (+68.2% yoy, +74.5% qoq) and additional management overlay of Rs3.5bn. These expenses were exceptional and related to the ongoing pandemic, and they would not affect future earnings. * The company reported normalcy in disbursements (+43% yoy to Rs80.7bn). Though we expect some disruption in gro...
Buy Cholamandalam Investment Ltd For Target Rs.650 - Emkay Global
Buy Cholamandalam Investment Ltd For Target Rs.650 - Emkay Global
Source: Emkay Global Financial Services Ltd
13/05/2021 9:26:55 AM
Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.598 - Emkay Global Elevated expenses/provisions drag down PAT; growth momentum healthy * CIFC reported lower-than-expected PAT of Rs2.4bn (-40.5% qoq, +470% yoy) in Q4FY21 due to elevated employee charges (+68.2% yoy, +74.5% qoq) as well as an additional Covid-19-related management overlay of Rs3.5bn created during the quarter.   * Our channel checks had indicated that employee appraisal was already underway during Jan’21. The move was not only to support employees but also to avoid any unne...
Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.598 - Emkay Global
Buy Cholamandalam Investment and Finance Company Ltd For Target Rs.598 - Emkay Global
Source: Emkay Global Financial Services Ltd
11/05/2021 11:07:47 AM