Chola Inv Finance Share Price: Chola Inv Finance share price up 0.67 per cent

Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.67 per cent up at Rs 507.05 at around 10:51AM (IST) on Monday. The stock had closed at Rs 503.7 in the previous session. Equity benchmark Sensex traded 88.51 points higher at 55525.8 around the same time.

The scrip has climbed 132.54 per cent in the last one year till date, while the 30-share index has gained 45.96 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 210.15.

Trading volume on the counter stood at 27,883 shares, while it quoted a price-to-earnings ratio of 29.29, an EPS value of 17.29 and a price-to-book value of 4.78. In the Nifty50 pack, 22 stocks traded in the green, while 28 stocks were in the red.

Promoter/FII Holding
Promoters held 51.61 per cent stake in the company as of 30-Jun-2021, while overseas investor and mutual funds’ ownership stood at 22.14 per cent and 17.93 per cent, respectively.

Key Financials
For the quarter ended 30-Jun-2021, the company reported consolidated sales of Rs 2481.91 crore, 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. The company reported net profit of Rs 328.55 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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