HSBC has maintained its buy call on Cholamandalam Investment and Finance Company Ltd and raised the target price to ₹1,970 per share, indicating an upside potential of about 16% from the current market price of ₹1,699.80.
The brokerage said the company’s second-quarter performance reflected an underlying slowdown but remained largely in line with management guidance post Q1FY26. HSBC raised its EPS estimates by 1.6% for FY26, 6.7% for FY27, and 7.5% for FY28, citing an improved net interest margin (NIM) outlook.
The firm added that despite moderation in growth, Chola Investment’s asset quality and profitability profile remain strong, reinforcing its positive view on the stock.
Disclaimer: The above article is based on brokerage reports and is for informational purposes only. It does not constitute investment advice or recommendations to buy or sell any securities.
