Share price of Chola Inv Finance as Sensex drops 23.09 points
Cholamandalam Investment & Finance Company Ltd. 2.27 per cent to Rs 1258.05 at 01:43PM (IST) in Friday's trade. The scrip has hit a high of Rs 1290.00 and low of Rs 1239.60 so far during the session. The stock had closed at Rs 1287.35 in the previous session.
The counter has had a total traded volume of 28444 shares so far with a value of Rs 3.55 crore on the NSE. It traded at a price-to-earnings multiple of 27.44 and a price-to-book ratio of 4.96.
A higher P/E ratio shows 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 reflects the price investors are willing to pay even for no growth in the business.
The scrip 2.23 per cent during the past one year, while the 30-share index advanced 8.75 per cent during the same period.
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