Weekly Fin-Fun NewsLetter #78
Stock & Options of the Week, Dhando Investor & Micheal Burry, Bullish on India
Super 350 Points on the Nifty since last week. , Nifty continues in the Green Zone with 18000 levels as SL
Bank Nifty also 1000 Points move since last week… continues on green zone with stops at 42975
Stock of the Week
Cholamandalam Financial Holding CMP 607
Cholamandalam Financial Holdings Limited (CFHL) is a part of the Murugappa Group. The Co. is a Core Investment Company registered with the RBI, offering a diverse range of financial products and risk management services to individual and corporate customers through its group companies. [1]
KEY POINTS [ edit ]
Services
NBFC: The Co. provides financial services through its subsidiary Cholamandalam Investment and Finance Company Limited (CIFCL) by offering vehicle finance, home loans, loan against property, etc to a wide range of customers, wherein it holds 45.41% as of June 2022.
General Insurance: The Co. offers a wide range of insurance including motor, travel, health, accident, home, and other types of insurance for corporate customers through its subsidiary Cholamandalam MS General Insurance Company Limited (CMSGICL), wherein it holds 60% as on June 2022.
Risk Management & Engineering Solutions: The Co. provides risk management and engineering solutions in the field of Safety, Health, and Environment through its Joint Venture with Mitsui Sumitomo Insurance Group, Japan through Cholamandalam MS Risk Services Ltd (CMSRSL), wherein it holds 49.5% as on June 2022. [1]
This can be a good long term SIP stock
Option of the week
SBI 575 CE above 14 levels
Some interesting Reads and Tweets
