Cholamandalam Investment and Finance the financing company reported its performance for Jun 2016.
Chola’s aggregate disbursements for the quarter stood at Rs. 4,561 Cr as against Rs. 3,508 Cr.
Vehicle Finance business disbursement stood at Rs. 3326 crore accounting a growth of 29% while the Home Equity business disbursement stoof at Rs. 991 crore witnessing a growth of 19%.
Even after such improvement in the profits of the company, the stock closed just 1% at Rs. 1,092.35/- clearly showing that not all part of the results have been accounted by the market yet. Stock to definitely watch out for on Monday opening.
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