CHOLAFIN.NSE

Cholamandalam Investment and Finance Company Ltd.

Chennai: Cholamandalam Investment and Finance Company (Chola), the financial services arm of the Murugappa Group, is expected to exceed Rs 1,000 crore.

In this briefing: Global Online Travel Agent (OTA): Macro De-Rating Creates Selective Entry Points in Travel Platforms Lucror Analytics - Morning Views Asia City Union Bank Ltd - Strong Quarter; Growth Engine Up and Running Cholamandalam Investment & Finance Company Ltd. - Growth Momentum Recovery Impact of India-US Trade Deal 1. Global Online Travel Agent (OTA): Macro De-Rating Creates Selective Entry Points in Travel Platforms All major global OTAs declined in value today (4 Feb) due to a brief escalation between the US and Iran and fears of slowing consumer demand, triggering risk aversion. Fundamentals remain intact, with booking trends and earnings remaining healthy, signalling a macro reset rather than demand weakness. Use the pullback as a trading opportunity: accumulate Booking Holdings and Trip.com on valuation-led weakness, while staying underweight Airbnb, MakeMyTrip, and Tripadvisor given their stretched valuations. 2. Lucror Analytics - Morning Views Asia In today's Morning Views publication we comment on developments of the following high yield issuers: Adani Ports The US software sector sold off overnight, weighing on the S&P 500 (-0.8%) and Nasdaq (-1.4%), driven by a new AI automation tool which sparked fears of disruption.

In this briefing: Trane Technologies’ Commercial HVAC Surge—What’s Powering the Demand Boom? Recontextualizing Novo Nordisk in the Current Obesity Race City Union Bank Ltd - Strong Quarter; Growth Engine Up and Running Cholamandalam Investment & Finance Company Ltd. - Growth Momentum Recovery Affle 3i Ltd - Stable Quarter with Sustained Strong Momentum! 1. Trane Technologies’ Commercial HVAC Surge—What’s Powering the Demand Boom? Trane Technologies reported its fourth-quarter and full-year 2025 financial results with a blend of positive achievements and some challenges. The company's performance featured notable strengths, such as a significant backlog and robust order growth in key segments, while facing obstacles in certain markets. During the quarter, Trane Technologies saw an impressive increase in enterprise organic bookings by 22%, driven primarily by its Commercial HVAC businesses, particularly in the Americas and EMEA regions. 2. Recontextualizing Novo Nordisk in the Current Obesity Race Since my previous write up on Novo Nordisk, the business has had a few good news and the stock is up 18%.

In this briefing: Recontextualizing Novo Nordisk in the Current Obesity Race City Union Bank Ltd - Strong Quarter; Growth Engine Up and Running Cholamandalam Investment & Finance Company Ltd. - Growth Momentum Recovery Affle 3i Ltd - Stable Quarter with Sustained Strong Momentum! Steel Authority of India Ltd - Q3 EBITDA Beats Consensus; Volumes Continue to Surprise Positively 1. Recontextualizing Novo Nordisk in the Current Obesity Race Since my previous write up on Novo Nordisk, the business has had a few good news and the stock is up 18%. Yet it remains ~3x cheaper than it’s competitor Eli Lilly. There are 2 developments that puts Novo at an advantaged position compared to Eli Lill 2. City Union Bank Ltd - Strong Quarter; Growth Engine Up and Running Growth Visibility Healthy; Momentum to Sustain: CUB’s growth engine has started to fire with credit growth at a multi-quarter high (+21/6% YoY/QoQ in Q3), and the management is confident of the momentum to continue, supported by healthy growth visibility in the MSME and Gold segment and a gradual ramp-up of the retail secured segment.