Chola Inv Finance Share Price: Chola Inv Finance shares down 2.0% as Sensex falls

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Shares of Cholamandalam Investment & Finance Company Ltd. fell 2.0 per cent to Rs 719.0 in Thursday’s session as of 01:23PM (IST) even as the equity benchmark Sensex traded 25.03 points lower at 58658.96.

Earlier in the day, the stock witnessed a gap up start to the session. The stock quoted a 52-week high price of Rs 739.8 and a 52-week low of Rs 469.75 on NSE. Around 27067 shares changed hands on the counter till 01:23PM (IST).

The stock opened at Rs 737.0 and has touched an intraday high and low of Rs 737.95 and Rs 719.0 during the session so far. The counter quoted a price-to-earnings (PE) ratio of 34.65, earnings per share (EPS) of Rs 20.85 and price to book value (PB) of 4.78, while the return on equity (ROE) stood at Rs 15.84.

Promoter/ FII Holding
The promoters held 51.55 per cent stake in the company as of March 31, while FII and MF ownerships stood at 20.98 per cent and 18.31 per cent, respectively.

Key Financials

With a market capitalisation of Rs 59315.18 crore, the company operates in the NBFC – Diversified industry. For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 2557.46 crore, up 2.43 per cent from the previous quarter?s Rs 2496.71 crore and up 1.47 per cent from the same quarter a year ago. The company reported net profit of Rs 527.71 crore for the latest quarter, up 28.78 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 57.29. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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