Chola Inv Finance shares down 1.36% as Sensex falls

Chola Inv Finance shares down 1.36% as Sensex falls
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

A total of 45,611 shares changed hands on the counter till 11:51AM (IST)

Getty Images
Shrikant Chouhan of Kotak Securities said Nifty50 topping the 15,800 mark was completely unexpected.
Shares of Cholamandalam Investment & Finance Company Ltd. fell 1.36 per cent to Rs 721.1 in Monday's session as of 11:51AM (IST) even as the equity benchmark Sensex traded 1205.91 points lower at 57133.02.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 757.85 and a 52-week low of Rs 469.75 on NSE. Around 45611 shares changed hands on the counter till 11:51AM (IST).

The stock opened at Rs 720.5 and has touched an intraday high and low of Rs 729.25 and Rs 712.65 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 35.06, earnings per share (EPS) of Rs 20.85 and price to book value (PB) of 4.78, while the return on equity (ROE) stood at Rs 15.84.

Promoter/ FII Holding
The promoters held 51.55 per cent stake in the company as of April 18, while FII and MF ownerships stood at 20.98 per cent and 18.31 per cent, respectively.

Key Financials
With a market capitalisation of Rs 60017.11 crore, the company operates in the NBFC - Diversified industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 2557.46 crore, up 2.43 per cent from the previous quarter?s Rs 2496.71 crore and up 1.47 per cent from the same quarter a year ago. The company reported net profit of Rs 527.71 crore for the latest quarter, up 28.78 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 54.09. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by