Share price of Chola Inv Finance jumps as Sensex drops 194.55 points

Share price of Cholamandalam Investment & Finance Company Ltd. gained 1.62 per cent to Rs 965.45 at 10:10AM (IST) in Friday's trade. The scrip hit a high of Rs 966.0 and low of Rs 949.2 so far during the session. The stock had closed at Rs 950.1 in the previous session.

The counter had a total traded volume of 10:10AM shares so far with a turnover of Rs 2.3 crore on BSE. The stock traded at a price-to-earnings multiple of 29.71 and a price-to-book ratio of 5.01.

A higher P/E ratio shows 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 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.

Promotor/FII Holding
Promoters held 51.47 per cent stake in the company as of 31-Mar-2023, while FIIs and domestic institutional investors ownership stood at 19.63 per cent and 21.45 per cent, respectively.

Key Financials
The firm reported consolidated sales of Rs 3834.57 crore for the quarter ended 31-Mar-2023, up 12.51 per cent from the previous quarter's Rs 3408.09 crore and up 44.34 per cent from the year-ago quarter's Rs 2656.63 crore.

Its profit for the latest quarter stood at Rs 855.2 crore, up 24.53 per cent from the same quarter a year ago.