“Bullish on Cholamandalam Finance with a target price of ₹2,100 per share, indicating a 13% upside. The company is expected to benefit from broad-based loan growth across segments, including resilient auto, sustained LAP and housing, and stronger growth in CSEL and MSME. Jefferies forecasts 21% AUM CAGR over FY26-28 and expects 28% EPS CAGR and 20% ROE over the same period.”

Jefferies Analysis’s track record: 3 graded calls · 95% CI 44–100%