Cholamandalam: All Eyes on ₹1,310—Can Earnings Push It Higher?
Cholamandalam Investment and Finance
Market Cap: 1.09 T
Free Float Shares: 50.28%
Closely Held Shares: 49.72%
Revenue Streams
Vehicle Finance: 57.96%
Loan Against Property: 15.81%
Home Loans: 8.77%
Unallocable: 3.71%
Other: 13.76%
Earnings and Revenue Date (Dec '24): Friday 31, Jan 2025
With earnings and revenue data scheduled for release tomorrow, Cholamandalam Investment and Finance Company Limited is approaching a critical juncture. The stock is currently testing an initial resistance level at ₹1,310.
Technical Indicators:
Weekly MACD: The Moving Average Convergence Divergence (MACD) on the weekly chart indicates strengthening buying momentum, accompanied by a decline in selling pressure.
Financial Performance:
In the quarter ending September 30, 2024, the company reported:
Total Revenue (YoY): ₹63.22 Billion (34.66% inc.), a significant increase from ₹46.95 Billion in the previous quarter. -TV Financials
Net Income (YoY): ₹9.68 Billion (25.22% inc.), up from ₹7.73 Billion in the prior quarter. -TV Financials
Resistance Levels:
Should the upcoming earnings report meet or exceed market expectations, the stock may break through the ₹1,310 resistance, with subsequent resistance levels at:
Market Outlook:
It's important to note that the broader market is anticipated to undergo a correction until March 2025, which could result in heightened volatility during this period.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Investing in the stock market involves risks, and it's advisable to consult with a certified financial advisor before making investment decisions.
Market Cap: 1.09 T
Free Float Shares: 50.28%
Closely Held Shares: 49.72%
Revenue Streams
Vehicle Finance: 57.96%
Loan Against Property: 15.81%
Home Loans: 8.77%
Unallocable: 3.71%
Other: 13.76%
Earnings and Revenue Date (Dec '24): Friday 31, Jan 2025
With earnings and revenue data scheduled for release tomorrow, Cholamandalam Investment and Finance Company Limited is approaching a critical juncture. The stock is currently testing an initial resistance level at ₹1,310.
Technical Indicators:
Weekly MACD: The Moving Average Convergence Divergence (MACD) on the weekly chart indicates strengthening buying momentum, accompanied by a decline in selling pressure.
Financial Performance:
In the quarter ending September 30, 2024, the company reported:
Total Revenue (YoY): ₹63.22 Billion (34.66% inc.), a significant increase from ₹46.95 Billion in the previous quarter. -TV Financials
Net Income (YoY): ₹9.68 Billion (25.22% inc.), up from ₹7.73 Billion in the prior quarter. -TV Financials
Resistance Levels:
Should the upcoming earnings report meet or exceed market expectations, the stock may break through the ₹1,310 resistance, with subsequent resistance levels at:
- R2: ₹1,458
- R3: ₹1,653
Market Outlook:
It's important to note that the broader market is anticipated to undergo a correction until March 2025, which could result in heightened volatility during this period.
Disclaimer:
This analysis is for informational purposes only and should not be construed as financial advice. Investing in the stock market involves risks, and it's advisable to consult with a certified financial advisor before making investment decisions.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.