Chola Inv Finance Share Price: Chola Inv Finance stock price up 0.75 per cent as Sensex climbs

Shares of Cholamandalam Investment & Finance Company Ltd. rose 0.75 per cent to Rs 578.8 at 10:56AM hours (IST) on Wednesday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 35,402 shares with a turnover of Rs 2.05 crore till 10:56AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 33.63, while the price-to-book value ratio stood at 4.78.

Return on equity (ROE) was at 15.84 per cent, according to exchange data. The stock hit an intraday high of Rs 583.75 and a low of Rs 574.85 during the session and quoted a 52-week high price of Rs 600.9 and a 52-week low of Rs 215.6.

The stock’s beta value, which measures its volatility in relation to the broader market, stood at 1.8.

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 496.68 on September 08, while the 50-DMA was at Rs 518.29. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 66.94. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 30-Jun-2021, promoters held 51.61 per cent stake in the company, while foreign institutional investors held 22.14 per cent and domestic institutional investors had 18.54 per cent.

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