Chola Inv Finance shares down 1.26% as Nifty drops

Chola Inv Finance shares down 1.26% as Nifty drops
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Synopsis

A total of 8,105 shares changed hands on the counter till 11:33AM (IST).

A broker watches a TV news channel as another monitors share prices at a brokerage firm in MumbaiReuters
On an immediate basis, 15,770/52,500 and 15,850/52,700 levels would be major hurdles.
NEW DELHI: Shares of & Finance Company Ltd. traded 1.26 per cent down in Wednesday's trade at 11:33AM (IST). Around 8,105 shares changed hands on the counter.

The scrip opened at Rs 726.95 and touched an intraday high and low of Rs 726.95 and Rs 713.45, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 817.95 and a 52-week low of Rs 594.0.

As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 58989.32 crore at the time of writing this report.

Key Financials
The company reported consolidated net sales of Rs 3067.02 crore for the quarter ended 30-Sep-2022, up 9.7 per cent from previous quarter's Rs 2795.91 crore and up 22.84 per cent from the year-ago quarter's Rs 2496.71 crore.

The net profit for latest quarter stood at Rs 562.82 crore, down 7.81 per cent from the same quarter a year ago.

Shareholding pattern
As of 31-Dec-2022, domestic institutional investors held 19.2 per cent stake in the firm, while foreign institutional investors held 17.96 per cent and the promoters 51.37 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 25.22 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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