Chola Inv Finance shares rise 1.31% as Nifty gains

economictimes.indiatimes.com:

Cholamandalam Investment & Finance Company Ltd. traded 1.31 per cent up at Rs 1101.3 on Thursday at around 10:56AM (IST), while the benchmark BSE Sensex advanced 253.22 points to 65686.52.
As many as 23,784 shares changed hands on the counter with a total value of Rs 261.0 crore.
The stock quoted a 52-week high price of Rs 1214.6 and a 52-week low of Rs 658.0.
On the technical charts, the 200-DMA of the stock stood at Rs 883.0, while 50-DMA was at Rs 1112.71.

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 37.85 per cent in the past one year, while Sensex has risen 10.12 per cent during the same period.
According to BSE data, the stock trades at a price-to-earnings multiple of 32.18 and a price-to-book ratio of 4.37.

A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price to book value indicates the inherent value of a company and reflects the price that investors are ready to pay even for no growth in a business.