Cholamandalam stock falls 1.71 percent as target reaches INR 2,160

Published on 09/28/2026 at 15:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cholamandalam stock generated INR 8,856.29 crore in Q1 FY27, up 5.22 percent QoQ. PAT reached INR 1,656.22 crore as lending growth broadened.

Cholamandalam, INE121A01024, Illustration mit AI erstellt.

Cholamandalam Investment and Finance Company Limited (ISIN INE121A01024) was trading at INR 1,634.20 on the NSE at 3:15 p.m. IST on September 28, 2026, down 1.71 percent from the previous close. The immediate contrast is clear: Q1 FY27 revenue rose to INR 8,856.29 crore, while the latest broker view placed a target of INR 2,160 on the stock.

Growth broadens beyond vehicles

According to Upstox, Q1 FY27 revenue increased 5.22 percent from INR 8,416.71 crore in the preceding quarter to INR 8,856.29 crore. Operating profit also rose 3.75 percent QoQ to INR 2,223.56 crore, giving the latest quarter a stronger operating base.

Profit reached INR 1,656.22 crore in the June 2026 quarter, up 0.67 percent from INR 1,645.20 crore in Q4 FY26, according to Upstox. The company operates across vehicle finance, loans against property, home loans, gold loans, consumer finance and small-business lending, making product mix a central part of the growth story.

Motilal Oswal sees INR 2,160

Moneycontrol reported on September 9, 2026, that Motilal Oswal maintained a Buy recommendation and a target of INR 2,160 in research dated September 8, 2026. The note said mortgage, consumer finance, MSME and gold loans were increasingly supporting growth as vehicle finance became a smaller share of the portfolio.

The target lies 32.16 percent above the NSE price of INR 1,634.20. Trendlyne identified the same INR 2,160 target and reported the recommendation date as September 8, 2026.

Stock stays below yearly high

Cholamandalam stock traded between INR 1,620.40 and INR 1,660.40 during the September 28 session. Its INR 1,634.20 price stood 16.30 percent below the 52-week high of INR 1,952.50 and 25.77 percent above the 52-week low of INR 1,299.40.

The stock's market capitalization was INR 1.4 trillion as of September 28, 2026, with volume of 1,194,324 shares. For investors, the key comparison is between the 1.71 percent daily decline and the 5.22 percent quarterly revenue increase.