Jefferies Sees 18% Upside in Cholamandalam Investment

Cholamandalam Investment's share price had a bumpy week, but Jefferies, a financial company, thinks it's a good time to buy their shares.

They believe the company will grow a lot in the next few years.

Jefferies says the company's practices are normal and similar to other companies in the same business.

They also mentioned that the company has been hiring more employees directly and has been reducing cash transactions.

Jefferies thinks the concerns raised by others don't have much merit and recommends buying the shares, expecting them to go up by 18%.