Chola Inv Finance Share Price: Chola Inv Finance shares drop 4.54% as Sensex rises

Shares of Cholamandalam Investment & Finance Company Ltd. traded 4.54 per cent lower in Monday’s session at 02:14PM (IST). The stock opened at Rs 628.0 and has touched an intraday high and low of Rs 632.0 and Rs 555.0, respectively, during the session so far.

The stock quoted a 52-week high of Rs 633.75 and a 52-week low of 236.7. About 553,299 shares changed hands on the counter so far.

Benchmark Nifty50 was up 215.95 points at 17887.60, while the BSE Sensex traded 674.14 points higher at 59981.07 at the time of writing of this report.

In the Nifty pack, 43 stocks traded the day in the green, while 6 were in the red.

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. The company reported net profit of Rs 328.55 crore for the latest quarter.


Promoter Holdings

Promoters held 51.57 per cent stake in the company as of 30-Sep-2021, while FIIs held 21.36 per cent and MFs 18.21 per cent.

Technicals

On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 533.8 on November 01, while the 50-DMA was at Rs 572.94. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.

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