Chola Inv Finance shares up 0.36% as Nifty drops
Cholamandalam Investment & Finance Company Ltd. traded 0.36 per cent up in Wednesday's trade at 10:46AM (IST). Around 7,797 shares changed hands on the counter.
The scrip opened at Rs 1297.7 and touched an intraday high and low of Rs 1303.85 and Rs 1281.15, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1303.85 and a 52-week low of Rs 658.0.
Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 102065.52 crore at the time of writing this report.
Key Financials The company reported consolidated sales of Rs 4695.16 crore for the quarter ended 30-Sep-2023, up 12.57 per cent from previous quarter's Rs 4170.79 crore and up 53.09 per cent from the year-ago quarter's Rs 3067.02 crore.
The net profit for latest quarter stood at Rs 772.87 crore, up 37.32 per cent from the corresponding quarter last year.
Shareholding pattern As of 31-Dec-2023, DIIs held 15.02 per cent stake in the firm, while foreign institutional investors held 24.73 per cent and the promoters 50.37 per cent.
Valuation ratio According to BSE data, the stock traded at a P/E multiple of 33.76 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.
