Share price of Chola Inv Finance falls as Sensex gains 375.52 points

The share price of Cholamandalam Investment & Finance Company Ltd. dropped 2.14 per cent to Rs 571.35 at 01:57PM (IST) in Friday’s trade. The counter has hit a high of Rs 585.55 and low of Rs 569.65 so far during the session. The stock had closed at Rs 583.85 in the previous session.

The counter has had a total traded volume of 65035 shares so far with a value of Rs 3.73 crore on the NSE. It traded at a price-to-earnings multiple of 33.05 and a price-to-book ratio of 4.78.

A higher price-to-earnings 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 reflects the price investors are willing to pay even for no growth in the business.

The scrip gained 126.88 per cent during the past one year, while the 30-share index advanced 60.62 per cent during the same period.

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


Promotor/FII Holding

Promoters held 51.6 per cent stake in the company as of 30-Jun-2021, while FIIs and domestic institutional investors ownership stood at 18.85 per cent and 17.93 per cent, respectively.

Key Financials

The firm reported consolidated net sales of Rs 2481.91 crore for the quarter ended 30-Jun-2021, up 0.09 per cent from the previous quarter’s Rs 2479.8 crore and up 16.76 per cent from the year-ago quarter’s Rs 2125.61 crore.

Profit for the latest quarter stood at Rs 328.55 crore, down 23.82 per cent from the same quarter a year ago.

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