Cholamandalam Investment & Finance surges 9% after Q4 results. Should you buy, sell or hold?

Cholamandalam Investment and Finance’s standalone profit for the quarter ended March 31 surged to Rs 852.8 crore, and its total income rose by 44% to Rs 3,794.3 crore YoY. Additionally, for the financial year ending March 31, the standalone total income grew by 28% to Rs 12,978 crore YoY. The company reported disbursements during Q4 FY22 grew 65% to Rs 21,020 crore and increased to Rs 66,532 crore YoY. Shares rose 9.4% to Rs 970.2 during intraday trade, while on a year-to-date basis, the stock surged over 30%.