Chola Inv Finance shares down 0.52% as Sensex falls
Cholamandalam Investment & Finance Company Ltd. fell 0.52 per cent to Rs 1190.5 in Friday's session as of 12:22PM (IST) even as the equity benchmark Sensex traded 211.61 points lower at 65417.63.
Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 1284.45 and a 52-week low of Rs 658.0 on NSE. Around 9568 shares changed hands on the counter till 12:22PM (IST).
The stock opened at Rs 1190.0 and has touched an intraday high and low of Rs 1202.7 and Rs 1186.9 during the session so far.
The scrip quoted a price-to-earnings (PE) ratio of 34.78, earnings per share (EPS) of Rs 34.21 and price to book value (PB) of 4.37, while the return on equity (ROE) stood at Rs 18.57.
Promoter/ FII Holding
The promoters held 51.46 per cent stake in the company as of October 20, while FII and MF ownerships stood at 20.92 per cent and 16.45 per cent, respectively.
Key Financials With a market capitalisation of Rs 97840.03 crore, the company operates in the NBFC — Diversified industry.
For the quarter ended 30-Jun-2023, the company reported consolidated sales of Rs 4170.79 crore, up 8.77 per cent from the previous quarter?s Rs 3834.57 crore and up 49.17 per cent from the same quarter a year ago. The company reported net profit of Rs 709.94 crore for the latest quarter, up 26.32 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 46.33.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to
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