Share price of Chola Inv Finance falls as Sensex drops 98.07 points
Cholamandalam Investment & Finance Company Ltd. dropped 0.89 per cent to Rs 1143.75 at 01:50PM (IST) in Thursday's trade. The counter hit a high of Rs 1156.0 and low of Rs 1132.25 so far during the session.
The stock had closed at Rs 1154.1 in the previous session.
The counter had a total traded volume of 01:50PM shares so far with a turnover of Rs 1.4 crore on BSE. The stock traded at a price-to-earnings multiple of 31.12 and a price-to-book ratio of 4.37.
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 is the measure of the price that investors are ready to pay even for no growth in the business.
Cholamandalam Investment & Finance Company Ltd.
belongs to the NBFC — Diversified industry.
Promotor/FII Holding Promoters held 51.43 per cent stake in the company as of 30-Sep-2023, while overseas investors and domestic institutional investors ownership stood at 21.51 per cent and 20.0 per cent, respectively.
Key Financials The company reported consolidated sales of Rs 4695.16 crore for the quarter ended 30-Sep-2023, up 12.57 per cent from the previous quarter's Rs 4170.79 crore and up 53.09 per cent from the year-ago quarter's Rs 3067.02 crore.
