Chola Inv Finance Share Price: Chola Inv Finance share price up 1.55 per cent

Shares of Cholamandalam Investment & Finance Company Ltd. traded 1.55 per cent up at Rs 551.8 at around 11:17AM (IST) on Tuesday. The stock had closed at Rs 543.4 in the previous session. Equity benchmark Sensex traded 334.29 points higher at 52908.75 around the same time.

The scrip has climbed 170.03 per cent in the last one year till date, while the 30-share index has gained 56.61 per cent during the same period.

The stock’s 52-week high price stood at Rs 600.9 and the 52-week low price at Rs 187.05.

Trading volume on the counter stood at 54,088 shares, while it quoted a price-to-earnings ratio of 29.76, an EPS value of 18.55 and a price-to-book value of 1.53. In the Nifty50 pack, 37 stocks traded in the green, while 12 stocks were in the red.

Promoter/FII Holding
Promoters held 51.62 per cent stake in the company as of 31-Mar-2021, while foreign institutional investors and MF ownership stood at 19.69 per cent and 20.28 per cent, respectively.

Key Financials
For the quarter ended 31-Mar-2021, the company reported consolidated sales of Rs 2479.8 crore, down 1.61 per cent from the previous quarter’s Rs 2520.48 crore and down 14.51 per cent from the year-ago quarter’s Rs 2165.57 crore. The company reported net profit of Rs 245.13 crore for the latest quarter.

Technical Indicators

The MACD signalled a bearish 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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