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.
Anand Rathi Report
Driven by strong, 46.5% y/y, net interest income growth, Cholamandalam Investment and Finance Company Ltd. Q1 net profit rose 27% YoY to Rs 9.4 billion. With its new businesses being more profitable and a strong collections architecture, we maintain our Buy rating, despite premium valuations.
At our raised Rs 1,650 target price, the stock would trade at 4.4 times FY26e book value (earlier 4.1 times FY26e book value).
Risks: Higher slippages, more-than-expected cost of funds.
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
Mahanagar Gas - Volume Growth Picking Up, Maintain Buy: HDFC Securities
Aug 27, 2024
Ethos Q1 Results Review - Growth Story Remains Intact; Maintain Buy: Axis Securities
Aug 20, 2024
 11_07_24.jpg?rect=0%2C0%2C3500%2C1969&auto=format%2Ccompress&format=webp&w=75)
Bank Net Interest Margins Continue To Experience Sequential Strain: CareEdge
Aug 20, 2024
CCL Products Q1 Results Review - Volume-Led Growth Continues; Maintain Buy: Axis Securities
Aug 09, 2024
POPULAR