Share price of Chola Inv Finance falls as Nifty weakens
Cholamandalam Investment & Finance Company Ltd. slipped 1.69 per cent to Rs 1056.25 in Tuesday's trade as of 11:57AM (IST). The stock hit a high price of Rs 1094.0 and low of Rs 1055.95 during the session.
The return on equity (ROE) for the stock stood at 18.57 per cent. Traded volume on the counter stood at 11:57AM shares and turnover at Rs 1.39 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 1309.75 and 52-week low prices of Rs 709.85, 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 50.23 per cent stake in the company as of 31-Dec-2023, while foreign investors held 24.73 per cent and domestic institutional investors had 15.02 per cent.
Key Financials The company reported consolidated sales of Rs 5054.76 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter's Rs 3408.09 crore. Net profit after tax for the latest quarter stood at Rs 872.02 crore, up 27.34 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»
