Chola Inv Finance shares up 0.59% as Nifty gains
Cholamandalam Investment & Finance Company Ltd. traded 0.59 per cent up in Thursday's trade at 11:21AM (IST). Around 9,121 shares changed hands on the counter.
The stock opened at Rs 1154.95 and touched an intraday high and low of Rs 1166.7 and Rs 1143.05, respectively, in the session so far. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1284.45 and a 52-week low of Rs 658.0.
As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 95077.37 crore at the time of writing this report.
Key Financials The company reported consolidated net sales of Rs 4170.79 crore for the quarter ended 30-Jun-2023, up 8.77 per cent from previous quarter's Rs 3834.57 crore and up 49.17 per cent from the year-ago quarter's Rs 2795.91 crore.
The net profit for latest quarter stood at Rs 709.94 crore, up 26.32 per cent from the corresponding quarter last year.
Shareholding pattern As of 30-Sep-2023, DIIs held 16.67 per cent stake in the firm, while foreign institutional investors held 21.51 per cent and the promoters 51.28 per cent.
Valuation ratio According to BSE data, the stock traded at a price-to-earnings multiple of 33.8 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.
