<ul><li>Cholamandalam Investment and Finance demonstrates strong profitability and above-average asset under management growth according to Nuvama.</li><li>Despite recent price appreciation, Nuvama believes the stock looks expensive and initiates a 'Hold' recommendation with a target price of Rs 1,600.</li><li>The company is projected to sustain a 'best-in-class earnings growth' rate of 30% over the financial years 2025-2027E.</li><li>Cholamandalam Finance's scrip fell 2.33% to Rs 1,426.25 apiece, the lowest level since March 12.</li></ul>

Cholamandalam Investment and Finance: Growth Resilient, But Stock Looks Expensive Says Nuvama

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