Share price of Chola Inv Finance rises as Nifty weakens

economictimes.indiatimes.com:

Cholamandalam Investment & Finance Company Ltd. gained 0.4 per cent to Rs 1071.35 in Tuesday's trade as of 12:07PM (IST).

The stock hit a high price of Rs 1073.4 and low of Rs 1060.1 during the session. The return on equity (ROE) for the stock stood at 18.57 per cent.

Traded volume on the counter stood at 12:07PM shares and turnover at Rs 2964.0 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd.

quoted a 52-week high and 52-week low prices of Rs 1214.6 and Rs 658.0, respectively. The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.8.Promotor/FII Holding Promoters held 51.46 per cent stake in the company as of 30-Jun-2023, while overseas investors held 20.92 per cent and domestic institutional investors had 20.37 per cent.Key Financials The company reported consolidated sales of Rs 4170.79 crore for the quarter ended 30-Jun-2023, up 8.77 per cent from previous quarter's Rs 3834.57 crore and up 49.17 per cent from the year-ago quarter's Rs 2795.91 crore.