Chola Inv Finance shares up 0.24% as Nifty gains
Cholamandalam Investment & Finance Company Ltd. rose 0.24 per cent to Rs 1435.45 in Tuesday's trade. It hit an intraday high of Rs 1445.5 and low of Rs 1394.95, respectively, during the day.
The stock quoted a 52-week high price of Rs 1476.9 and low of Rs 997.4.
As of 02:10PM (IST), the counter saw total traded volume of 38,473 shares with a traded value of Rs 5.46 crore, according to NSE.
The stock had closed at Rs 1431.95 in the previous session.
The scrip has advanced 0.9 per cent in the past one month till date, while the benchmark BSE Sensex has gained 3.81 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 32.99 while price-to-book ratio stood at 4.96. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.
The stock belongs to the NBFC — Diversified industry.
Promoter/FII Holding Promoters held 50.18 per cent stake in the company as of 30-Jun-2024, while FII and MF ownership in the firm stood at 26.62 per cent and 14.23 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 5856.75 crore for the quarter ended 30-Jun-2024, up 6.5 per cent from the previous quarter's Rs 5499.16 crore and up 40.42 per cent from the year-ago quarter's Rs 4170.79 crore.
