Chola Inv Finance shares up 1.01% as Nifty falls
Cholamandalam Investment & Finance Company Ltd. rose 1.01 per cent to Rs 1257.2 in Friday's trade. It hit an intraday high of Rs 1260.0 and low of Rs 1243.5, respectively, during the day.
The stock quoted a 52-week high price of Rs 1284.45 and low of Rs 658.0.
As of 12:13PM (IST), the counter saw total traded volume of 11,785 shares with a traded value of Rs 1.47 crore, according to NSE.
The stock had closed at Rs 1244.55 in the previous session.
The scrip has advanced 8.45 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.76 per cent during the same period.
According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 36.71 while price-to-book ratio stood at 4.37. 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 51.31 per cent stake in the company as of 30-Jun-2023, while FII and MF ownership in the firm stood at 20.91 per cent and 16.45 per cent, respectively.
