INVESTORICH

Cholamandalam Investment and Finance Company Ltd.                      ​( Short Term Multibagger)  Buy at CMP 1611, Targets - 1665-1770, Time Frame - 3 to 9 months ​ TRIGGERS : 1) Cholamandalam Investment & Finance Company Ltd's Q4FY18 standalone net profit has increased by 32.54% yoy to Rs291cr which is much above the Estimated profits and Company   is expected to deliver 24% earnings CAGR over  FY18-20E, led by Asset Under Management growth at 19.5% CAGR and improvement in asset quality, valuing at 3.8x FY20E Price to book value.  The company’s standalone Net Interest Income stood at Rs917.50cr, up 35.83% yoy and 15.7% qoq 2)  Cholamandalam Investment to set-up housing finance company which will boost the Net Interest Income  3) Strong Fundamentals with regular Dividends every 6 months, 20% Foreign Promotor Holding  ​ ​ ​ Cholamandalam Investment and Finance Company Limited (Chola) , incorporated in 1978 as the