Chola Inv Finance declines 0.9% as Sensex climbs
Cholamandalam Investment & Finance Company Ltd. traded at Rs 1199.0 on BSE at 12:43PM (IST) on Wednesday, down 0.9 per cent from previous close.
The scrip quoted a 52-week low price of Rs 815.3 and a high of Rs 1309.75.
Earlier, the stock saw a gap up opening in the morning.
A total of 12,675 lakh shares changed hands on the counter till 12:43PM (IST).
The stock of Cholamandalam Investment & Finance Company Ltd. commanded a market value of Rs 102351.01 crore, according to BSE.
The stock traded at a price-to-earning (P/E) multiple of 31.88, while the price-to-book value ratio stood at 4.37. Return on equity (ROE) was at 18.57 per cent, according to exchange data.
In the BSE500 pack, 288 stocks traded in the green, while 212 stocks were in the red.
The stock's beta value, which measures volatility in relation to the broader market, stood at 1.8.
Promotor/FII Holding Promoters held 50.23 per cent in Cholamandalam Investment & Finance Company Ltd. as of 31-Dec-2023 while foreign portfolio investors and domestic institutional investors owned 24.73 per cent and 15.02 per cent, respectively.
Moving averages
The 200-DMA of the stock stood at 1154.79 on April 10, while the 50-DMA was at 1119.97. If a stock trades below 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered as bearish trend and if trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
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