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    Chola Inv Finance shares decline 0.09% as Sensex slides

    Synopsis

    A total of 7,948 shares changed hands on the counter till 10:51AM (IST)

    macdGetty Images
    MACD is known for signaling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages.
    Shares of the Cholamandalam Investment & Finance Company Ltd. traded at Rs 745.3 on BSE at 10:51AM (IST) on Thursday, down 0.09 per cent from previous close.

    The scrip quoted a 52-week low price of Rs 594.0 and a high of Rs 817.95.

    Earlier, the stock saw a gap up opening in the morning.

    A total of 7,948 lakh shares changed hands on the counter till 10:51AM (IST).

    The stock of Cholamandalam Investment & Finance Company Ltd. commands a market value of Rs 61413.65 crore.

    The stock traded at a price-to-earning (P/E) multiple of 24.6, while the price-to-book value ratio stood at 5.01. Return on equity (ROE) was at 18.29 per cent, according to exchange data.

    In the BSE500 pack, 226 stocks traded in the green, while 275 stocks were in the red.

    Promotor Holding
    Promoters held 51.49 per cent in the Cholamandalam Investment & Finance Company Ltd. as of 31-Dec-2022 while foreign and domestic institutional investors owned 19.38 per cent and 21.21 per cent, respectively.
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