Chola Inv Finance shares down 0.16% as Nifty falls

Chola Inv Finance shares down 0.16% as Nifty falls
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Synopsis

The stock quoted a 52-week high price of Rs 739.8 and low of Rs 469.75.

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Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Cholamandalam Investment & Finance Company Ltd. rose 0.16 per cent to Rs 703.45 in Wednesday's trade. It hit an intraday high of Rs 708.0 and low of Rs 690.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 739.8 and low of Rs 469.75.

As of 01:44PM (IST), the counter saw total traded volume of 26,648 shares with a traded value of Rs 1.87 crore, according to NSE.

The stock had closed at Rs 704.55 in the previous session.

The scrip has advanced 6.5 per cent in the past one month till date, while the benchmark BSE Sensex has gained 9.86 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 33.72 while price-to-book ratio stood at 4.78. 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 51.55 per cent stake in the company as of 31-Dec-2021, while FII and MF ownership in the firm stood at 17.65 per cent and 18.31 per cent, respectively.

Key Financials
The company reported consolidated 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 net 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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