Share price of Chola Inv Finance falls as Sensex gains 323.31 points
Cholamandalam Investment & Finance Company Ltd. dropped 1.53 per cent to Rs 1151.9 at 02:02PM (IST) in Thursday's trade. The counter hit a high of Rs 1177.55 and low of Rs 1127.85 so far during the session.
The stock had closed at Rs 1169.75 in the previous session. The counter had a total traded volume of 02:02PM shares so far with a turnover of Rs 337.0 crore on BSE. The stock traded at a price-to-earnings multiple of 35.47 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.
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