Share price of Chola Inv Finance falls as Sensex gains 1285.43 points
Cholamandalam Investment & Finance Company Ltd. dropped 0.09 per cent to Rs 1595.0 at 01:18PM (IST) in Friday's trade. The counter has hit a high of Rs 1609.9 and low of Rs 1584.5 so far during the session. The stock had closed at Rs 1596.55 in the previous session.
The counter has had a total traded volume of 9847 shares so far with a value of Rs 1.57 crore on the NSE. It traded at a price-to-earnings multiple of 36.56 and a price-to-book ratio of 4.96.
A higher price-to-earnings 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 gained 33.69 per cent during the past one year, while the 30-share index advanced 24.52 per cent during the same period.
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