Buy Cholamandalam Investment & Finance Company, target price Rs 160: Jayesh Bhanushali

Jayesh Bhanushali of IIFL has a buy call on Cholamandalam Investment & Finance Company Ltd. with a target price of Rs 160.0 . The current price of Cholamandalam Investment & Finance Company Ltd. is Rs 150.85 Time period given by the analyst is Intra Day when Cholamandalam Investment & Finance Company Ltd. price can reach defined target. . Jayesh Bhanushali recommended to keep a stoploss at Rs 139 .

Cholamandalam Investment & Finance Company Ltd., incorporated in 1978, has a market cap of Rs 11939.06 crore.

Cholamandalam Investment & Finance Company's key products/revenue segments include Interest which contributed Rs 6565.26 crore to sales value (93.89 per cent of total sales); Income From Sale Of Share & Securities which contributed Rs 336.29 crore to sales value (4.80 per cent of total sales) and Income From Financial Services which contributed Rs 90.42 crore to sales value (1.29 per cent of total sales)for the year ending March 31, 2019.

For the quarter ended December 31, 2019, the company reported consolidated sales of Rs 2289.06 crore, up 3.47 per cent from last quarter sales of Rs 2212.27 crore and up 24.39 per cent from last year same quarter sales of Rs 1840.28 crore. The company reported net profit after tax of Rs 389.15 crore in the latest quarter.