Chola Inv Finance shares drop 2.95% as Sensex rises
Cholamandalam Investment & Finance Company Ltd. traded 2.95 per cent down at Rs 1149.65 at 01:44PM (IST) on Tuesday, even as BSE benchmark Sensex gained 80.57 points to 67207.65.
The scrip had settled at Rs 1184.65 in the previous session.
The stock quoted a 52-week high and 52-week low of Rs 1214.6 and Rs 658.0, respectively.
As per BSE data, total traded volume on the counter till 01:44PM (IST) stood at 01:44PM shares with turnover at Rs 766.0 crore.
At the prevailing price, the stock trades at 33.5 times its trailing 12-month EPS of Rs 34.21 per share and 4.37 times its price-to-book value, BSE 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 is the measure of the price that investors are ready to pay even for no growth in the business.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.8.
Shareholding Details Promoters held 51.46 per cent stake in the company as of 30-Jun-2023, while FIIs owned 20.92 per cent and DIIs 20.37 per cent.
