Chola Inv Finance shares up 0.08% as Nifty gains
Cholamandalam Investment & Finance Company Ltd. traded 0.08 per cent up in Monday's trade at 12:24PM (IST). Around 15,302 shares changed hands on the counter.
The scrip opened at Rs 1162.95 and touched an intraday high and low of Rs 1173.0 and Rs 1160.65, respectively, in the session so far. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1214.6 and a 52-week low of Rs 612.5.
As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 95788.25 crore at the time of writing this report.Key Financials The company reported consolidated sales of Rs 3834.57 crore for the quarter ended 31-Mar-2023, up 12.51 per cent from previous quarter's Rs 3408.09 crore and up 44.34 per cent from the year-ago quarter's Rs 2656.63 crore. The net profit for latest quarter stood at Rs 855.2 crore, up 24.53 per cent from the same quarter a year ago.Shareholding pattern As of 31-Mar-2023, DIIs held 17.29 per cent stake in the company, while foreign institutional investors held 19.63 per cent and the promoters 51.33 per cent.Valuation ratio According to BSE data, the stock traded at a P/E multiple of 35.95 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 is the measure of the price that investors are ready to pay even for no growth in the business. Cholamandalam Investment & Finance Company Ltd.
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