Share price of Chola Inv Finance falls as Nifty weakens
Cholamandalam Investment & Finance Company Ltd. slipped 2.21 per cent to Rs 1140.75 in Wednesday's trade as of 01:34PM (IST). The stock hit a high price of Rs 1170.15 and low of Rs 1132.2 during the session.
The return on equity (ROE) for the stock stood at 18.57 per cent. Traded volume on the counter stood at 01:34PM shares and turnover at Rs 1.16 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd.
quoted a 52-week high price of Rs 1284.45 and 52-week low prices of Rs 658.0, respectively.
The stock's Beta value, which measures its volatility in relation to the broader market, stood at 1.8.
Promotor/FII Holding Promoters held 51.28 per cent stake in the company as of 30-Sep-2023, while overseas investors held 21.51 per cent and domestic institutional investors had 16.67 per cent.
Key Financials The company reported consolidated sales of Rs 4170.79 crore for the quarter ended 30-Jun-2023, up 8.77 per cent from previous quarter's Rs 3834.57 crore and up 49.17 per cent from the year-ago quarter's Rs 2795.91 crore. Net profit after tax for the latest quarter stood at Rs 709.94 crore, up 26.32 per cent from the same quarter a year ago.
Technicals
The MACD signalled a bearish bias on the counter.
The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect «buy» or «sell» opportunities.
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