Chola Inv Finance shares up 0.01% as Nifty gains

Chola Inv Finance shares up 0.01% as Nifty gains
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Synopsis

A total of 17,048 shares changed hands on the counter till 12:53PM (IST).

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India 10-year bond yield fell 0.34 per cent to 6.13 after trading in 6.13-6.16 range.
NEW DELHI: Shares of & Finance Company Ltd. traded 0.01 per cent up in Friday's trade at 12:53PM (IST). Around 17,048 shares changed hands on the counter.

The stock opened at Rs 780.6 and touched an intraday high and low of Rs 786.55 and Rs 774.0, respectively, in the session so far. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 787.0 and a 52-week low of Rs 469.75.

Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 63711.2 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 2795.91 crore for the quarter ended 30-Jun-2022, up 5.24 per cent from previous quarter's Rs 2656.63 crore and up 12.65 per cent from the year-ago quarter's Rs 2481.91 crore.

The net profit for latest quarter stood at Rs 562.01 crore, up 71.06 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Jun-2022, DIIs held 19.2 per cent stake in the firm, while foreign institutional investors held 20.22 per cent and the promoters 51.52 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 26.69 and a price-to-book ratio of 5.01. 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.
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