Chola Inv Finance shares down 1.85% as Nifty drops
Cholamandalam Investment & Finance Company Ltd. traded 1.85 per cent down in Tuesday's trade at 01:54PM (IST). Around 7,552 shares changed hands on the counter.
The stock opened at Rs 1155.1 and touched an intraday high and low of Rs 1162.45 and Rs 1131.05, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 819.0.
As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 95688.26 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 5054.76 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter's Rs 3408.09 crore.
The net profit for latest quarter stood at Rs 872.02 crore, up 27.34 per cent from the same quarter a year ago.
Shareholding pattern As of 31-Dec-2023, DIIs held 15.02 per cent stake in the company, while foreign institutional investors held 24.73 per cent and the promoters 50.23 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 29.81 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.
Cholamandala
