Chola Inv Finance shares gain 2.25% as Sensex rises
Cholamandalam Investment & Finance Company Ltd. traded 2.25 per cent higher in Friday's session at 10:20AM (IST). The stock opened at Rs 1190.0 and has touched an intraday high and low of Rs 1217.0 and Rs 1179.45, respectively, during the session so far.
The stock quoted a 52-week high of Rs 1284.45 and a 52-week low of 658.0. About 22,013 shares changed hands on the counter so far.
Benchmark Nifty50 was up 130.05 points at 19263.3, while the BSE Sensex traded 410.95 points higher at 64491.85 at the time of writing of this report.
In the Nifty pack, 45 stocks traded the day in the green, while 5 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 51.43 per cent stake in the company as of 30-Sep-2023, while FIIs held 21.51 per cent and MFs 16.67 per cent.
Technicals On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 992.89 on November 03, while the 50-DMA was at Rs 1176.22. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward.
