The news sent shockwaves through the National Stock Exchange. Shares of Cholamandalam Finance (NSE: CHOLAFIN) jumped 8.7% in early trade, hitting a 52-week high of ₹1,345. Motilal Oswal Securities upgraded the stock from 'Neutral' to 'Buy' within hours of the release.
The financial lender, known for its dominance in vehicle finance and home loans, posted a consolidated net sales figure of ₹4,521 crore, marking a —significantly above market expectations of 12-14%. chola sales leap
A sales leap is impossible without the capital to lend. Chola managed its liability side masterfully. By diversifying its borrowing through secured bonds, securitization, and bank lines, it ensured that even when the Reserve Bank of India (RBI) tightened liquidity, Chola had dry powder. They offered interest rates that were 50-80 bps lower than stressed competitors, directly converting competitor customer inquiries into Chola sales. The news sent shockwaves through the National Stock Exchange
Are you interested in a detailed breakdown of or more information on their Smart Sales App features? Chola Smart Sales - Apps on Google Play The financial lender, known for its dominance in