Chola Inv Finance shares gain 3.35% as Sensex rises

Chola Inv Finance shares gain 3.35% as Sensex rises
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Synopsis

A total of 105,178 shares changed hands on the counter till 10:25AM (IST)

Analysts see 15,900 to continue to pose as the immediate resistance.
Shares of Cholamandalam Investment & Finance Company Ltd. traded 3.35 per cent up at Rs 564.45 at 10:25AM (IST) on Wednesday, even as BSE benchmark Sensex gained 80.59 points to 59936.52. The stock had settled at Rs 546.15 in the previous session.

The stock quoted a 52-week high and 52-week low of Rs 667.5 and Rs 391.0, respectively.

As per BSE data, total traded volume on the counter till 10:25AM (IST) stood at 10:25AM shares with turnover at Rs 5.86 crore.

At the prevailing price, shares of the company trades at 29.0 times its trailing 12-month EPS of Rs 19.42 per share and 4.78 times its price-to-book value, the exchange data showed.

A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.

The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.8.

Shareholding Details
Promoters held 51.57 per cent stake in the company as of 30-Sep-2021, while FIIs owned 21.36 per cent and DIIs 19.06 per cent.

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