Thu, Nov 02, 2023
The city-based financial services arm of diversified conglomerate Murugappa Group had reported a standalone profit at Rs 563.41 crore in the corresponding quarter of last year.
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Wed, Feb 02, 2022
Indian markets are likely to trade higher on Wednesday, tracking positive global cues, but there will be stock-specific action in which global brokerage came out with their reports on business development, or earnings outlook.
Sat, Oct 30, 2021
Cholamandalam Investment and Finance Company has recorded a standalone profit at Rs 606.54 crore for the quarter ending September 30, 2021.
Fri, Apr 02, 2021
Sharekhan says that Cholamandalam Investment is well placed to benefit from tailwinds for the vehicle financing business, improving CV traction (better fleet utilisation) spurred by improved economic activity led by consumption-driven sectors, e-commerce focused logistics companies, and strong rural demand, which will aid growth in the long-term post COVID-19 recovery
Tue, Jan 05, 2021
Sharekhan believes growth outlook is improving for vehicles finance NBFCs along with lower credit cost outlook which is the reason for improved earnings estimates. Sharekhan believes tailwinds benefits (a combination of improving disbursements and falling funding costs) for Chola Investment will help it deliver strong Operating performance (NII, PAT etc) over the next two years in terms of as well as margins cushion. Over the past few months, well-rated and large NBFCs have seen a sharp fall in funding costs, which has resulted in benefits of lower funding costs for them.
Fri, Nov 27, 2020
Sharekhan expects Cholamandalam Investment operating expenses to AUM ratio to be 2.1-2.4% range and ROEs improving to 16% and 17% respectively for FY2022E and FY2023E. The buoyancy in rural markets augurs well for CV financiers, and coupled with business benefits from a strong parentage, well-capitalised balance sheet and rigorous risk management practices (provides long-term visibility) provide scope for improving operating leverage and Return ratios, which provides additional comfort.
Thu, Oct 15, 2020
Angel Broking has come out with the list of few stocks for investors.
Mon, Jan 20, 2020
The market benchmark Sensex and Nifty turned red on Monday, January 17, 2020. Certain stocks were in action - depending on the type of news/reports related to it - and have an impact on the indices and pushed the BSE Sensex down 335.97 points or 0.80% to 41,609.40 and the Nifty 50 lost 97.25 points or 0.79% to 12,255.10 at 1.36 pm. Similarly, Bank Nifty was down by 370 points, or 1.17%, to 31,220.65
Wed, May 25, 2016
Tech Mahindra became the latest and the third payments bank contender to drop out of the race, the second one in less than a week. It was only a few days ago that Dilip Sanghvi dropped the idea of setting up the bank, in partnership with IDFC Bank and Telenor.
Sat, Apr 30, 2016
For the full year 2015-16, the company's profit after tax was up 31% to Rs 568 crore from Rs 435 crore posted last year.
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