Chola Inv Finance shares up 0.45% as Nifty drops

NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.45 per cent up in Tuesday's trade at 10:46AM (IST). Around 36,191 shares changed hands on the counter.

The scrip opened at Rs 603.5 and touched an intraday high and low of Rs 621.2 and Rs 603.5, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 701.75 and a 52-week low of Rs 469.75.

Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 50079.25 crore at the time of writing this report.

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

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

Shareholding pattern
As of 31-Dec-2021, DIIs held 18.31 per cent stake in the firm, while foreign institutional investors held 20.98 per cent and the promoters 51.55 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 29.25 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.