Share price of Chola Inv Finance jumps as Sensex gains 471.24 points
Cholamandalam Investment & Finance Company Ltd. gained 0.6 per cent to Rs 1050.45 at 12:38PM (IST) in Thursday's trade. The counter has hit a high of Rs 1059.75 and low of Rs 1048.8 so far during the session. The stock had closed at Rs 1044.1 in the previous session.
The counter has had a total traded volume of 9012 shares so far with a value of Rs 0.96 crore on the NSE. It traded at a price-to-earnings multiple of 27.48 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 39.3 per cent during the past one year, while the 30-share index advanced 24.64 per cent during the same period.
Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC — Diversified industry.
Promotor/FII Holding Promoters held 50.23 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 24.73 per cent and 15.02 per cent, respectively.
Key Financials The firm reported consolidated sales of Rs 5054.76 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from the previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter's Rs 3408.09 crore.
Profit for the latest quarter stood at Rs 872.02 crore, up 27.34 per
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