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    Chola Inv Finance shares down 0.42% as Nifty falls

    Synopsis

    The stock quoted a 52-week high price of Rs 600.9 and low of Rs 187.05.

    Getty Images
    As long as Nifty does not close above 11,720, it can slip towards 11,600.
    Shares of Cholamandalam Investment & Finance Company Ltd. rose 0.42 per cent to Rs 534.1 in Thursday's trade. It hit an intraday high of Rs 536.55 and low of Rs 529.55, respectively, during the day.

    The stock quoted a 52-week high price of Rs 600.9 and low of Rs 187.05.

    As of 01:10PM (IST), the counter saw total traded volume of 63,577 shares with a traded value of Rs 3.39 crore, according to NSE.

    The stock had closed at Rs 536.35 in the previous session.

    The scrip has declined -7.31 per cent in the past one month till date, while the benchmark BSE Sensex has gained 4.21 per cent during the same period.

    According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 28.84 while price-to-book ratio stood at 1.53. A higher P/E ratio shows that 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 it reflects the price investors are ready to pay even for no growth in a business.

    The stock belongs to the NBFC - Diversified industry.

    Promoter/FII Holding
    Promoters held 51.62 per cent stake in the company as of 31-Mar-2021, while FII and MF ownership in the firm stood at 16.49 per cent and 20.28 per cent, respectively.

    Key Financials
    The company reported consolidated sales of Rs 2479.8 crore for the quarter ended 31-Mar-2021, down 1.61 per cent from the previous quarter's Rs 2520.48 crore and down 14.51 per cent from the year-ago quarter's Rs 2165.57 crore. Its net profit for the latest quarter stood at Rs 245.13 crore, up 477.46 per cent from the same quarter a year ago.
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