NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
Cholamandalam Investment and Finance Ltd. is a franchise equipped to deliver strong assets under management growth with benign credit costs (versus peers), translating into sustainable return on equity of ~21-22% across economic cycles.
The stock trades at 3.8 times FY26E price/book value. We believe that the premium valuation multiple will sustain as investors continue to have confidence in the company’s execution capability in new product lines.
We reiterate our Buy rating on the stock with target price of Rs 1,660 (based on 4.5 times March-26 price/book value).
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
As a Subscriber you get
Stories
RECOMMENDED FOR YOU
EMS Industry Check - Unlocking The Power Of Continuous Growth: Motilal Oswal
Sep 11, 2024
The TEN Commandments Of Titan, Kalyan And Gold: ICICI Securities
Sep 06, 2024
 11_07_24.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Bajaj Finance - Near-Term Catalyst Provides Attractive Entry: Anand Rathi
Aug 30, 2024
L&T Technology - Reorganising Strength For $3 Billion+ Revenue By 2030: Nirmal Bang
Aug 29, 2024
POPULAR