JPMorgan initiated coverage on Cholamandalam Investment with an underweight rating and a target price of Rs 600. The stock closed at Rs 786 on 29 August. The global investment bank expects earnings to disappoint over FY23/24. There is competition from banks that can drive margin compression, said the note. It believes that markets have ascribed a significant valuation premium to the stock.
Ola Electric shares fall 3% on profit booking. Should you buy or sell after Q1 results?
Ola Electric shares: On Monday, Ola Electric Mobility reported a consolidated net loss of ₹428 crore for the quarter ended June 30, 2025, a 23%