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    Chola Inv Finance share price up 2.05 per cent

    Synopsis

    A total of 24,144 shares changed hands on the counter till 10:26AM (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.
    Shares of Cholamandalam Investment & Finance Company Ltd. traded 2.05 per cent up at Rs 1020.0 at around 10:26AM (IST) on Friday. The stock had closed at Rs 999.55 in the previous session. Equity benchmark Sensex traded 133.75 points lower at 61770.77 around the same time.


    The scrip has climbed 67.46 per cent in the last one year till date, while the 30-share index has gained 13.63 per cent during the same period.

    The stock's 52-week high price stood at Rs 1020.0 and the 52-week low price at Rs 594.0.

    Trading volume on the counter stood at 24,144 shares, while it quoted a price-to-earnings ratio of 31.32, an EPS value of 32.42 and a price-to-book value of 5.01. In the Nifty50 pack, 17 stocks traded in the green, while 33 stocks were in the red.

    Promoter/FII Holding
    Promoters held 51.47 per cent stake in the company as of 31-Mar-2023, while FII and mutual funds' ownership stood at 19.63 per cent and 17.29 per cent, respectively.

    Key Financials
    For the quarter ended 31-Mar-2023, the company reported consolidated sales of Rs 3834.57 crore, 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. The company reported net profit of Rs 855.2 crore for the latest quarter.

    Technical Indicators
    The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.
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