Chola Inv Finance shares down 1.63% as Nifty drops
Cholamandalam Investment & Finance Company Ltd. traded 1.63 per cent down in Monday's trade at 11:26AM (IST). Around 18,843 shares changed hands on the counter.
The scrip opened at Rs 1176.15 and touched an intraday high and low of Rs 1198.1 and Rs 1167.0, respectively, in the session so far. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1284.45 and a 52-week low of Rs 658.0.
Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 96533.2 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4170.79 crore for the quarter ended 30-Jun-2023, up 8.77 per cent from previous quarter's Rs 3834.57 crore and up 49.17 per cent from the year-ago quarter's Rs 2795.91 crore.
The net profit for latest quarter stood at Rs 709.94 crore, up 26.32 per cent from the same quarter a year ago.
Shareholding pattern As of 30-Sep-2023, DIIs held 16.67 per cent stake in the firm, while foreign institutional investors held 21.51 per cent and the promoters 51.43 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 34.32 and a price-to-book ratio of 4.37.
A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Cholamandalam Investment & Finance Company Ltd.
