Buy Cholamandalam Investment & Finance Company Limited:

Cholamandalam Investment & Finance Company Ltd has officially announced a consolidated sales of Rs. 2,520.48 Cr for the third quarter finished on 31-12-2020, which is 2.55% down from its previous quarter sales of Rs. 2,457.89 Cr and 10.10% up from its previous year same quarter sales of Rs. 2,289.30 Cr. The company has reported a net profit after tax of Rs. 410.03 Cr in the previous quarter.

Outlook:

Cholamandalam Investment & Finance Company Ltd: Experts suggested buy call at current market price: Rs. 542.15 with a target price: Rs. 585.

Buy Ashok Leyland Limited:

Ashok Leyland Ltd has officially announced a consolidated sales of Rs. 6,000.28 Cr for the third quarter finished on 31-12-2020, which is 54.74% up from its previous quarter sales of Rs. 3,877.62 Cr and 15.20% up from its previous year same quarter sales of Rs. 5,208.53 Cr. The company has reported a net profit after tax of Rs. 38.41 Cr in the previous quarter.

Outlook:

Ashok Leyland Ltd: Experts suggested buy call at current market price: Rs. 119.9 with a target price: Rs. 126.5.

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