Cholamandalam Investment may cross Rs 300: Rajen Shah

Cholamandalam Investment and Finance Company may cross Rs 300, says Rajen Shah of Angel Broking.

Shah told CNBC-TV18, "Cholamandalam Investment and Finance Company is one stock which I believe could see some action in the coming days and coming weeks. The stock has corrected from Rs 285-290 levels to about Rs 260-265."

He further added, "If you look at the valuations of Mahindra and Mahindra Finance and Bajaj Finance, this company looks to be extremely cheap and it is coming form the same kind of quality management group, the Murugappa Group. So Cholamandalam looks interesting and I am looking at price beyond Rs 300 in the coming weeks for this."