Share price of Chola Inv Finance falls as Nifty weakens
Cholamandalam Investment & Finance Company Ltd. slipped 0.61 per cent to Rs 1394.95 in Wednesday's trade as of 10:45AM (IST). The stock hit a high price of Rs 1415.05 and low of Rs 1389.8 during the session.
The return on equity (ROE) for the stock stood at 17.45 per cent. Traded volume on the counter stood at 10:45AM shares and turnover at Rs 1.3 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 1475.95 and 52-week low prices of Rs 997.4, 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 50.21 per cent stake in the company as of 31-Mar-2024, while FIIs held 26.0 per cent and domestic institutional investors had 14.09 per cent.
Key Financials The company reported consolidated sales of Rs 5499.16 crore for the quarter ended 31-Mar-2024, up 8.79 per cent from previous quarter's Rs 5054.76 crore and up 43.41 per cent from the year-ago quarter's Rs 3834.57 crore. Net profit after tax for the latest quarter stood at Rs 1065.23 crore, up 24.56 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. When the
