Cholamandalam Investment shares surge over 4% as Goldman Sachs sees 20% upside potential

Shares of Cholamandalam Investment and Finance Company surged 4.3% to a new all-time high after Goldman Sachs initiated coverage with a target price of Rs 1,786, indicating a 20% upside potential. The company posted strong earnings growth and market share gains, with a robust loan growth driven by new business diversification.