Chola Inv Finance shares up 0.09% as Nifty gains

Chola Inv Finance shares up 0.09% as Nifty gains
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Synopsis

A total of 27,726 shares changed hands on the counter till 12:40PM (IST).

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RSI has turned north from the 60 level, confirming bullishness.
NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.09 per cent up in Wednesday's trade at 12:40PM (IST). Around 27,726 shares changed hands on the counter.

The stock opened at Rs 510.0 and touched an intraday high and low of Rs 512.2 and Rs 503.7, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 600.9 and a 52-week low of Rs 212.1.

As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 41903.25 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 2481.91 crore for the quarter ended 30-Jun-2021, up 0.09 per cent from previous quarter's Rs 2479.8 crore and up 16.76 per cent from the year-ago quarter's Rs 2125.61 crore.

The net profit for latest quarter stood at Rs 328.55 crore, down 23.82 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2021, domestic institutional investors held 17.93 per cent stake in the firm, while foreign institutional investors held 18.85 per cent and the promoters 51.6 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 29.55 and a price-to-book ratio of 4.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC - Diversified industry.

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