Chola top performer among vehicle financiers, shows sustained growth

Company does better than rivals in categories like assets under management and loan distribution, say analysts.

Stocks of vehicle financiers are back in vogue. The shares of Mahindra & Mahindra Financial Services and Shriram Transport Finance have witnessed a 12-30 per cent year-to-date stock price appreciation. However, with nearly 40 per cent year-to-date gains, it’s Cholamandalam Investment and Finance Company (Chola Finance) walking away with the prize. Even on a one-year basis, while its peers have regained the pre-Covid stock price levels largely owing to the rally since October 2020, Chola Finance’s rally is a more sustained one, and with the price appreciation of 2.5 times, it is the top performer in the financial services space.

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