Chola Inv Finance Share Price: Chola Inv Finance shares up 1.4% as Nifty gains

NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 1.4 per cent up in Monday’s trade at 11:22AM (IST). Around 24,706 shares changed hands on the counter.

The scrip opened at Rs 559.0 and touched an intraday high and low of Rs 568.75 and Rs 559.0, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 620.75 and a 52-week low of Rs 233.1.

As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 45811.82 crore at the time of writing this report.

Key Financials

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

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

Shareholding pattern

As of 30-Jun-2021, DIIs held 17.93 per cent stake in the firm, while foreign institutional investors held 18.85 per cent and the promoters 51.6 per cent.

Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 32.3 and a price-to-book ratio of 4.78. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

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

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