Share price of Chola Inv Finance jumps as Sensex drops 58.69 points

Share price of Chola Inv Finance jumps as Sensex drops 58.69 points
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Synopsis

A total of 33,672 shares changed hands on the counter till 10:30AM (IST)

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Nagaraj Shetti, Technical Research Analyst at HDFC Securities, believes Monday's pattern could be considered as a High Wave, which reflects high volatility in the market at swing highs.
Share price of Cholamandalam Investment & Finance Company Ltd. gained 1.08 per cent to Rs 649.35 at 10:30AM (IST) in Friday's trade. The stock hit a high of Rs 661.7 and low of Rs 645.4 so far during the session. The stock had closed at Rs 642.4 in the previous session.

The counter had a total traded volume of 10:30AM shares so far with a turnover of Rs 2.19 crore on BSE. The stock traded at a price-to-earnings multiple of 31.17 and a price-to-book ratio of 4.78.

A higher price-to-earnings 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 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.

Promotor/FII Holding
Promoters held 51.55 per cent stake in the company as of 31-Dec-2021, while overseas investors and domestic institutional investors ownership stood at 20.98 per cent and 19.46 per cent, respectively.

Key Financials
The firm reported consolidated net sales of Rs 2557.46 crore for the quarter ended 31-Dec-2021, up 2.43 per cent from the previous quarter's Rs 2496.71 crore and up 1.47 per cent from the year-ago quarter's Rs 2520.48 crore.

Its profit for the latest quarter stood at Rs 527.71 crore, up 28.78 per cent from the same quarter a year ago.

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