Share price of Chola Inv Finance jumps as Sensex gains 392.27 points
Cholamandalam Investment & Finance Company Ltd. gained 0.86 per cent to Rs 1239.65 at 10:56AM (IST) in Friday's trade. The stock has hit a high of Rs 1246.1 and low of Rs 1229.0 so far during the session.
The stock had closed at Rs 1229.05 in the previous session.
The counter has had a total traded volume of 18233 shares so far with a value of Rs 2.25 crore on the NSE. It traded at a price-to-earnings multiple of 33.8 and a price-to-book ratio of 4.37.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 65.76 per cent during the past one year, while the 30-share index advanced 13.39 per cent during the same period.
Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC — Diversified industry.
Promotor/FII Holding Promoters held 51.28 per cent stake in the company as of 30-Sep-2023, while foreign investors and domestic institutional investors ownership stood at 21.51 per cent and 16.67 per cent, respectively.
