Cholamandalam Investment: HSBC on Cholamandalam Investment and Finance Buy maintained, Target Price Rs 1790 (cut from Rs 1970) despite Middle East conflict-led cuts to AUM growth, margins and EPS, with liability pressures and potential asset risks, while remaining preferred NBFC along with Shriram Finance and LIC Housing Finance seen as defensive.

 01 Apr 2026 09:13 AM

Cholamandalam Investment: HSBC on Cholamandalam Investment and Finance Buy maintained, Target Price Rs 1790 (cut from Rs 1970) despite Middle East conflict-led cuts to AUM growth, margins and EPS, with liability pressures and potential asset risks, while remaining preferred NBFC along with Shriram Finance and LIC Housing Finance seen as defensive.