Chola Inv Finance shares up 0.44% as Nifty gains

NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.44 per cent up in Wednesday's trade at 11:17AM (IST). Around 14,002 shares changed hands on the counter.

The counter opened at Rs 1063.0 and touched an intraday high and low of Rs 1076.65 and Rs 1062.3, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1214.6 and a 52-week low of Rs 658.0.

Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 87784.28 crore at the time of writing this report.

Key Financials
The company reported consolidated sales of Rs 4170.79 crore for the quarter ended 30-Jun-2023, up 8.77 per cent from previous quarter's Rs 3834.57 crore and up 49.17 per cent from the year-ago quarter's Rs 2795.91 crore.

The net profit for latest quarter stood at Rs 709.94 crore, up 26.32 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Jun-2023, domestic institutional investors held 16.45 per cent stake in the company, while foreign institutional investors held 20.92 per cent and the promoters 51.46 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 31.21 and a price-to-book ratio of 4.37. 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.