Share price of Chola Inv Finance jumps as Sensex drops 165.21 points

Share price of Cholamandalam Investment & Finance Company Ltd. gained 0.19 per cent to Rs 571.4 at 12:24PM (IST) in Tuesday’s trade. The stock hit a high of Rs 575.05 and low of Rs 566.75 so far during the session. The stock had closed at Rs 570.3 in the previous session.

The counter had a total traded volume of 12:24PM shares so far with a turnover of Rs 1.68 crore on BSE. The stock traded at a price-to-earnings multiple of 33.07 and a price-to-book ratio of 4.78.

A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.

The 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.

Promotor/FII Holding

Promoters held 51.61 per cent stake in the company as of 30-Jun-2021, while FIIs and domestic institutional investors ownership stood at 22.14 per cent and 18.54 per cent, respectively.

Key Financials

The firm reported consolidated sales of Rs 2481.91 crore for the quarter ended 30-Jun-2021, 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.

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

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