The return on equity (ROE) for the stock stood at 15.84 per cent. Traded volume on the counter stood at 12:54PM shares and turnover at Rs 2.98 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 667.5 and 52-week low prices of Rs 338.75, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.8.
Promotor/FII Holding
Promoters held 51.57 per cent stake in the company as of 30-Sep-2021, while FIIs held 17.88 per cent and domestic institutional investors had 18.21 per cent.
Key Financials
The company reported consolidated sales of Rs 2496.71 crore for the quarter ended 30-Sep-2021, up 0.6 per cent from previous quarter’s Rs 2481.91 crore and up 1.58 per cent from the year-ago quarter’s Rs 2457.89 crore. Net profit after tax for the latest quarter stood at Rs 610.51 crore, up 40.46 per cent from the same quarter a year ago.
Technicals
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 topof 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.
