Share price of Chola Inv Finance jumps as Sensex drops 88.07 points
Cholamandalam Investment & Finance Company Ltd. gained 1.54 per cent to Rs 1250.0 at 11:00AM (IST) in Thursday's trade. The scrip has hit a high of Rs 1252.0 and low of Rs 1232.7 so far during the session. The stock had closed at Rs 1230.95 in the previous session.
The counter has had a total traded volume of 10803 shares so far with a value of Rs 1.34 crore on the NSE. It traded at a price-to-earnings multiple of 30.13 and a price-to-book ratio of 4.96.
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 reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 22.51 per cent during the past one year, while the 30-share index advanced 18.03 per cent during the same period.
Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC — Diversified industry.
Promotor/FII Holding Promoters held 50.21 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 26.0 per cent and 14.09 per cent, respectively.
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 the previous quarter's Rs 5054.76 crore and up 43.41 per cent from the year-ago quarter's Rs 3834.57 crore.
Profit for the latest quarter stood at Rs 1065.23 crore, up 24.56 per cent from
