Nomura cuts Cholamandalam Finance target to Rs 1,700, keeps Neutral rating
Nomura lowered its target price from Rs 1,820 to Rs 1,700, citing a higher risk-free rate and caution over vehicle- and rural-focused lenders amid drought concerns.
Nomura lowered its target price from Rs 1,820 to Rs 1,700, citing a higher risk-free rate and caution over vehicle- and rural-focused lenders amid drought concerns.