Chola Inv Finance stock price down 1.53 per cent as Sensex slides
Cholamandalam Investment & Finance Company Ltd. fell 1.53 per cent to Rs 1105.1 at 11:47AM hours (IST) on Monday. Earlier in the day, the stock saw a gap up start to the session.
As per data available on BSE, total traded quantity on the counter stood at 16,304 shares with a turnover of Rs 1.82 crore till 11:47AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 28.96, while the price-to-book value ratio stood at 4.37.
Return on equity (ROE) was at 18.57 per cent, according to exchange data. The stock hit an intraday high of Rs 1132.45 and a low of Rs 1104.95 during the session and quoted a 52-week high price of Rs 1309.75 and a 52-week low of Rs 709.85.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.8.
Technical Indicators
The 200-DMA (day moving average) of the stock stood at Rs 1137.82 on February 12, while the 50-DMA was at Rs 1212.55. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.
The Relative Strength Index (RSI) of the stood at 32.22. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.
Promoter holding
As of 31-Dec-2023, promoters held 50.37 per cent stake in the company, while FIIs held 24.73 per cent
