Chola Inv Finance shares gain 1.27% as Sensex falls
Cholamandalam Investment & Finance Company Ltd. traded 1.27 per cent higher in Thursday's session at 10:20AM (IST).
The stock opened at Rs 1017.1 and has touched an intraday high and low of Rs 1032.05 and Rs 1014.95, respectively, during the session so far. The stock quoted a 52-week high of Rs 1214.6 and a 52-week low of 658.0.
About 15,961 shares changed hands on the counter so far. Benchmark Nifty50 was down 67.6 points at 19397.4, while the BSE Sensex traded 223.01 points lower at 65316.41 at the time of writing of this report.
In the Nifty pack, 13 stocks traded the day in the green, while 37 were in the red.Key Financials 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 year-ago quarter. The company reported net profit of Rs 709.94 crore for the latest quarter.Promoter Holdings Promoters held 51.46 per cent stake in the company as of 30-Jun-2023, while FIIs held 20.92 per cent and MFs 16.45 per cent.Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 874.68 on August 17, while the 50-DMA was at Rs 1114.16.
If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
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