Share price of Chola Inv Finance falls as Sensex drops 515.75 points

economictimes.indiatimes.com:

Cholamandalam Investment & Finance Company Ltd. dropped 1.11 per cent to Rs 1386.45 at 01:29PM (IST) in Tuesday's trade. The scrip hit a high of Rs 1426.0 and low of Rs 1365.0 so far during the session. The stock had closed at Rs 1402.15 in the previous session.
The counter had a total traded volume of 01:29PM shares so far with a turnover of Rs 1.42 crore on BSE. The stock traded at a price-to-earnings multiple of 33.75 and a price-to-book ratio of 4.96.

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 50.33 per cent stake in the company as of 30-Jun-2024, while overseas investors and domestic institutional investors ownership stood at 26.63 per cent and 16.86 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 5499.16 crore for the quarter ended 31-Mar-2024, up 8.79 per cent from the previous quarter's Rs 5054.76 crore and up 43.41 per cent from the year-ago quarter's Rs 3834.57 crore.
Its profit for the latest quarter stood at Rs 1065.23 crore, up 24.56 per cent from the same quarter a year ago.

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