Cholamandalam Investment and Finance shares in focus after company rejects governance allegations, brokerages reiterate buy rating

Cholamandalam Investment and Finance Company shares are set to be in focus after the company rejected allegations of governance lapses, reaffirmed its guidance and highlighted strong liquidity and capital buffers. Brokerages including Motilal Oswal, Morgan Stanley and Jefferies reiterated their positive stance, citing improving disbursements and resilient fundamentals.