Share price of Chola Inv Finance jumps as Sensex drops 89.31 points
Cholamandalam Investment & Finance Company Ltd. gained 0.12 per cent to Rs 1188.55 at 12:51PM (IST) in Wednesday's trade. The stock has hit a high of Rs 1205.0 and low of Rs 1170.35 so far during the session.
The stock had closed at Rs 1187.1 in the previous session. The counter has had a total traded volume of 11421 shares so far with a value of Rs 1.36 crore on the NSE. It traded at a price-to-earnings multiple of 36.69 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 reflects the price investors are willing to pay even for no growth in the business. The scrip gained 84.9 per cent during the past one year, while the 30-share index advanced 23.31 per cent during the same period.
Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC — Diversified industry.Promotor/FII Holding Promoters held 51.33 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 19.63 per cent and 17.29 per cent, respectively.Key Financials The firm reported consolidated sales of Rs 3834.57 crore for the quarter ended 31-Mar-2023, up 12.51 per cent from the previous quarter's Rs 3408.09 crore and up 44.34 per cent from the year-ago quarter's Rs 2656.63 crore. Profit for the latest quarter stood at Rs 855.2 crore, up 24.53 per cent from the same quarter a year ago.
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