Cholamandalam Investment shares hit all-time high; what should be your strategy?
Cholamandalam Investment share price NSE: Benchmark indices - BSE Sensex and NSE Nifty50 - bucked the weak global cues trend on Thursday after the US Federal Reserve announced another rate hike of 25 basis points (bps) and leaving investors confused over its next move.
Cholamandalam Investment share price NSE: Shares of Cholamandalam Investment and Finance Company on Thursday (May 4, 2023) zoomed over 9 per cent to touch a new life high of Rs 970 on the NSE. The stock jumped a day after the Murugappa Group firm reported a 23.6 per cent rise in its standalone profit at Rs 852.84 crore for the quarter that ended March 2023. The counter opened at Rs 920 on NSE. At 11:40 am, the counter quoted Rs 949.95, up by 7.15 per cent or Rs 63.35.
Cholamandalam Investment share target price: Should you buy, sell or hold?
JP Morgan has double upgraded Cholamandalam Investment to overweight from underweight and has revised its target to Rs 1020 from Rs 700. Here are other calls by brokerage firms.
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