Sunday, October 31, 2021

CHOLAFIN Q2 Net at Rs. 606 cr | Stock Outlook


Cholamandalam Investment and Finance reports Q2 net at Rs 606.54 cr

Cholamandalam Investment and Finance Company has recorded a standalone profit at Rs 606.54 crore for the quarter ending September 30, 2021, the company said on Saturday.

The city-based had reported standalone net at Rs 431.91 crore during corresponding quarter previous year. For the six month period ending September 30, 2021 standalone profit surged to Rs 933.34 crore from Rs 862.84 crore registered in the corresponding period last year.

Standalone total income for the quarter under review grew to Rs 2,470.69 crore from Rs 2,439.78 crore registered in the same period last fiscal. Total income on standalone basis for the half year ending September 30, 2021 stood at Rs 4,937.70 crore as against Rs 4,553.43 crore registered in the same period last fiscal.

Stock Outlook 

Stock looks strong on long term as well as in short term . In short term stock can test  682 and can test 1014 in 1 -3 years time frame . Follow buy on dips.

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