Moneycontrol
Last Updated : May 05, 2016 06:18 PM IST | Source: CNBC-TV18

Here is why Motilal Oswal prefers Cholamandalam over TVS Motor

Cholamandalam Investment and Finance will post better results as the recovery in commercial vehicle segment accelerates, says Ravi Shenoy of Motilal Oswal.

 
 
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Ravi Shenoy of Motilal Oswal has upgraded the target for Cholamandalam Investment and Finance by Rs 300-400 owing to growth in asset under management (AUM) and low operating expenses.

Going forward, the company will post better results as the recovery in commercial vehicle segment accelerates, he added.

For TVS Motor, the margins have been a disappointment, said Shenoy.
High expenses incurred at Auto Expo, and the launch of TVS Victor impacted the operating cost of the comoany.

Shenoy has downgraded the target by 5 percent.

He has also reduced the target for Federal Bank and upgraded for Can Fin Homes.

Transcript to follow
First Published on May 5, 2016 04:39 pm
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