Is Cholamandalam Finance Ready for a Breakout?
Cholamandalam Financial Holdings Limited (CFHL), a prominent entity within the Murugappa Group, stands as a testament to India's dynamic financial services sector. Established in 1978, CFHL has evolved into a comprehensive investment company, holding significant stakes in various financial services and risk management enterprises.
Financial Performance
In the fiscal year 2023-2024, CFHL reported consolidated revenue of ₹258,035.2 million, reflecting a significant increase from ₹181,458.7 million in the previous year. The net income for the same period stood at ₹17,725.2 million, up from ₹12,902.3 million in 2022-2023. Total assets as of March 31, 2024, were valued at ₹1,769,176.7 million, with total liabilities amounting to ₹1,666,759.4 million.
Shareholding Structure
The shareholding pattern of CFHL is as follows:
Technical Analysis
From December to February, the price remained in a consolidation phase and formed a double bottom pattern. The breakout from this pattern occurred on **27/02/2025**. If the price closes and sustains above 1644 on the daily timeframe, we can anticipate a strong upward movement towards 1981.
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to conduct their own research or consult with a financial advisor before making investment decisions.
Financial Performance
In the fiscal year 2023-2024, CFHL reported consolidated revenue of ₹258,035.2 million, reflecting a significant increase from ₹181,458.7 million in the previous year. The net income for the same period stood at ₹17,725.2 million, up from ₹12,902.3 million in 2022-2023. Total assets as of March 31, 2024, were valued at ₹1,769,176.7 million, with total liabilities amounting to ₹1,666,759.4 million.
Shareholding Structure
The shareholding pattern of CFHL is as follows:
- Promoters: 46.45%
- Foreign Investors:17.07%
- Institutional Investors:22.94%
- Government Holding:0.46%
- Non-Promoter Corporate Holding:2.11%
- Public and Others:10.97%
Technical Analysis
From December to February, the price remained in a consolidation phase and formed a double bottom pattern. The breakout from this pattern occurred on **27/02/2025**. If the price closes and sustains above 1644 on the daily timeframe, we can anticipate a strong upward movement towards 1981.
- R1 (First Resistance):1744
- R2 (Second Resistance):1863
- R3 (Third Resistance):1981
Disclaimer: This article is for informational purposes only and should not be construed as financial advice. Investors are advised to conduct their own research or consult with a 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.
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.