Chola Inv Finance shares down 1.15% as Sensex falls
Cholamandalam Investment & Finance Company Ltd. fell 1.15 per cent to Rs 1043.9 in Thursday's session as of 12:18PM (IST) even as the equity benchmark Sensex traded 288.4 points lower at 65707.41. Earlier in the day, the stock witnessed a gap down start to the session.
The stock quoted a 52-week high price of Rs 1214.6 and a 52-week low of Rs 658.0 on NSE. Around 21363 shares changed hands on the counter till 12:18PM (IST). The stock opened at Rs 1052.35 and has touched an intraday high and low of Rs 1058.25 and Rs 1038.5 during the session so far.
The stock quoted a price-to-earnings (PE) ratio of 30.45, 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 August 10, 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 85658.85 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 31.84.
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 take a
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