Sandeep Wagle of powermywealth.com told CNBC-TV18, "The basic principle of success in the stock market is that when you are right, you should ride on the news. So, I would recommend a hold on Cholamandalam Investment with a stoploss of Rs 900. With a 12-15 months’ time horizon I would talk of a target of Rs 1,350 or somewhere around that. So, I think this is a clear hold."
At 15:28 hrs Cholamandalam Investment and Finance Company was quoting at Rs 1,112.85, up Rs 21.10, or 1.93 percent.The share touched its 52-week high Rs 1,243.90 and 52-week low Rs 874.95 on 06 October, 2016 and 15 December, 2016, respectively.