Chola Inv Finance shares up 2.2% as Sensex falls
Cholamandalam Investment & Finance Company Ltd. gained 2.2 per cent to Rs 1442.1 in Monday's session as of 02:00PM (IST) even as the equity benchmark Sensex traded 23.59 points lower at 81309.13.
Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 1476.9 and a 52-week low of Rs 997.4 on NSE. Around 122066 shares changed hands on the counter till 02:00PM (IST).
The stock opened at Rs 1419.95 and has touched an intraday high and low of Rs 1476.9 and Rs 1365.0 during the session so far. The scrip quoted a price-to-earnings (PE) ratio of 33.28, earnings per share (EPS) of Rs 43.53 and price to book value (PB) of 4.96, while the return on equity (ROE) stood at Rs 17.45.
Promoter/ FII Holding
The promoters held 100.66 per cent stake in the company as of July 29, while FII and MF ownerships stood at 53.26 per cent and 28.46 per cent, respectively.
Key Financials With a market capitalisation of Rs 121704.74 crore, the company operates in the NBFC — Diversified industry. For the quarter ended 30-Jun-2024, the company reported consolidated sales of Rs 5856.75 crore, up 6.5 per cent from the previous quarter?s Rs 5499.16 crore and up 40.42 per cent from the same quarter a year ago. The company reported net profit of Rs 947.15 crore for the latest quarter, up 33.41 per cent from the corresponding quarter last year.
Technical Indicators The relative strength index (RSI) of the stock stands at 57.39. The RSI oscillates between zero and 100. Traditionally, it is
