Name: Latest research reports of Cholamandalam Investment & Finance Company Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Cholamandalam Investment & Finance Company Ltd.
Rating: 4
Author: ICICI Securities Limited

No concerns except higher cost of funds which could trim RoEs considering the high growth/opex phase

Accumulate: Cholamandalam Investment &...

Recommendation Target

ICICI Securities Limited

Cholamandalam Investment and Finance Company (Chola) is managing growth and
diversification well with 9% growth in vehicle and 25% growth in non-vehicle AUM
between Sep’22 and Mar’22.