homemarket Newsstocks NewsStandout Brokerage Report: Morgan Stanley initiates coverage on Cholamandalam Investment and Finance
Standout Brokerage Report: Morgan Stanley initiates coverage on Cholamandalam Investment and Finance
Morgan Stanley has initiated coverage on Cholamandalam Investment and Finance with a target price of Rs 625. Given the strong track record and cyclical tailwind, the brokerage firm expects Chola’s current price to book forward of 3.5 times to sustain as it reaches the new RoE high.
Morgan Stanley has initiated coverage on Cholamandalam Investment and Finance with a target price of Rs 625. Given the strong track record and cyclical tailwind, the brokerage firm expects Chola’s current price to book forward of 3.5 times to sustain as it reaches the new RoE high.
CNBC-TV18’s Nimesh Shah has more details.
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(Edited by : Ajay Vaishnav)
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