M&M Financial, Cholamandalam good quality stocks: Shah

According to Rajen Shah of Angel Broking, Mahindra and Mahindra Financial Services and Cholamandalam look very promising in the finance space.
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May 08, 2013, 06.38 PM | Source: CNBC-TV18

M&M Financial, Cholamandalam good quality stocks: Shah

According to Rajen Shah of Angel Broking, Mahindra and Mahindra Financial Services and Cholamandalam look very promising in the finance space.

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M&M Financial, Cholamandalam good quality stocks: Shah

According to Rajen Shah of Angel Broking, Mahindra and Mahindra Financial Services and Cholamandalam look very promising in the finance space.

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According to Rajen Shah of Angel Broking, Mahindra and Mahindra Financial Services and Cholamandalam look very promising in the finance space.

Shah told CNBC-TV18, “In the finance space, if one wants to really look at good quality names, Mahindra and Mahindra Financial Services and Cholamandalam look very promising. M&M Financial has been growing at 25-30 percent plus over the past so many years. Even last year it grew at about 35 percent plus. This year, I think the profit should be at least growing at 30 percent.”

“Even after yesterday’s run up, the stock is still trading at about 12.5-13 times the earnings and it is a very strong candidate for getting a banking license because they have got a significant presence in rural part of the country,” Shah said.

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M&M Financial, Cholamandalam good quality stocks: Shah

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