Chola Inv Finance shares rise 1.8 per cent in Thursday's trading session
Cholamandalam Investment & Finance Company Ltd. rose 1.8 per cent to Rs 1220.0 in Thursday's trade as of 10:05AM (IST) even as the benchmark Nifty ruled at 19691.55, down 24.9 points.
The scrip had closed at Rs 1198.35 in the previous session.
The stock quoted a 52-week low of Rs 658.0 and a high of Rs 1239.8. The company quoted a market-cap of Rs 100557.47 crore on the BSE.
On BSE, 15,529 shares have changed hands on the counter so far.
At its prevailing price, the stock traded at 35.75 times its trailing 12-month EPS of Rs 34.21 per share and 4.37 times its book value. The return on equity (ROE) stood at Rs 18.57.
Key Financials For the quarter ended 30-Jun-2023, Cholamandalam Investment & Finance Company Ltd.
reported consolidated sales of Rs 4170.79 crore, up 49.17 per cent from the same quarter a year ago. The company reported 26.32 per cent YoY growth in net profit at Rs 709.94 crore for the latest quarter.
Technical indicators The relative strength index (RSI) of the stock stood at Thursday.
The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a «buy» or «sell» recommendation using a single valuation ratio.
