Chola Inv Finance shares drop 0.51% as Sensex falls
Cholamandalam Investment & Finance Company Ltd. traded 0.51 per cent down at Rs 1454.0 at 11:55AM (IST) on Monday, even as BSE benchmark Sensex dropped 171.78 points to 81052.97.
The scrip had closed at Rs 1461.55 in the previous session. The stock quoted a 52-week high price of Rs 1650.0 and 52-week low of Rs 1011.5, respectively. As per BSE data, total traded volume on the counter till 11:55AM (IST) stood at 5591 shares with a turnover of Rs 0.82 crore.
At the prevailing price, shares of the company traded at 33.51 times its trailing 12-month earnings per share of Rs 43.53 per share and 4.96 times its price-to-book value, exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future.
Price-to-book value indicates the inherent value of a company and reflects the price investors are ready to pay even for no growth in the business. The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.8.
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