Chola Inv Finance shares rise 1.23% as Nifty gains
Cholamandalam Investment & Finance Company Ltd. traded 1.23 per cent up at Rs 1526.1 on Wednesday at around 10:50AM (IST), while the benchmark BSE Sensex advanced 89.13 points to 82010.42.
As many as 1,657 shares changed hands on the counter with a total value of Rs 0.26 crore.
The stock quoted a 52-week high price of Rs 1556.75 and a 52-week low of Rs 1011.5.
On the technical charts, the 200-DMA of the stock stood at Rs 1259.93, while 50-DMA was at Rs 1413.78. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.
Shares of the company have advanced 29.54 per cent in the past one year, while Sensex has risen 24.55 per cent during the same period.
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