Share price of Chola Inv Finance falls as Sensex gains 439.76 points
Cholamandalam Investment & Finance Company Ltd. dropped 2.59 per cent to Rs 1258.6 at 02:04PM (IST) in Friday's trade. The counter hit a high of Rs 1295.65 and low of Rs 1258.15 so far during the session.
The stock had closed at Rs 1292.1 in the previous session.
The counter had a total traded volume of 02:04PM shares so far with a turnover of Rs 3.67 crore on BSE. The stock traded at a price-to-earnings multiple of 35.02 and a price-to-book ratio of 4.37.
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 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 50.37 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 24.73 per cent and 18.39 per cent, respectively.
Key Financials The firm reported consolidated net 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.
