Chola Inv Finance shares 1.57% rise as Nifty falls

Chola Inv Finance shares 1.57% rise as Nifty falls
Chola Inv Finance shares 1.57% rise as Nifty falls
NEW DELHI: Shares of & Finance Company Ltd. traded up 1.57% in Friday trade at 10:15 a.m. (IST). Approximately 37,716 shares changed hands over the counter.

The stock opened at Rs 787.05 and touched an intraday high and low of Rs 813.7 and Rs 787.05, respectively, during the session so far. Shares of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 813.7 and a 52-week low of Rs 469.75.

According to BSE, the total market capitalization of Cholamandalam Investment & Finance Company Ltd. stood at Rs 65,884.06 crore at the time of writing.

Key financial data

The company reported consolidated sales of Rs 2,795.91 crores for the quarter ended June 30, 2022, up 5.24% from Rs 2,656.63 crores in the previous quarter and up 12.65% from to Rs 2481.91 crores in the prior year quarter.

Net profit for the last quarter stood at Rs 562.01 crore, up 71.06% from the same quarter a year ago.

Ownership model

As of June 30, 2022, domestic institutional investors held 19.2% of the company’s capital, while foreign institutional investors held 17.96% and promoters 51.37%.

Valuation coefficient

According to BSE data, the stock was trading at a price-to-earnings multiple of 27.6 and a price-to-book ratio of 5.01. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. The price-to-book ratio indicates the inherent value of a company and is the measure of the price investors are willing to pay even if the company does not grow.

Cholamandalam Investment & Finance Company Ltd. belongs to NBFC – Diversified Industry.

. Quotes action Chola Inv Finance Chola Inv Finance share a rise so Nifty drop

. Chola Inv Finance shares rise Nifty falls

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