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    Chola Inv Finance shares up 0.31% as Nifty gains

    Synopsis

    A total of 10,143 shares changed hands on the counter till 01:35PM (IST).

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    Agarwal said the global economy is showing clear signs of recovery. The second wave of Covid-19 is ebbing in India with total active cases at less than 20 per cent of May highs.
    NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.31 per cent up in Wednesday's trade at 01:35PM (IST). Around 10,143 shares changed hands on the counter.

    The scrip opened at Rs 745.05 and touched an intraday high and low of Rs 757.75 and Rs 745.05, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 817.95 and a 52-week low of Rs 469.75.

    Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 62117.49 crore at the time of writing this report.

    Key Financials
    The company reported consolidated net sales of Rs 3067.02 crore for the quarter ended 30-Sep-2022, up 9.7 per cent from previous quarter's Rs 2795.91 crore and up 22.84 per cent from the year-ago quarter's Rs 2496.71 crore.

    The net profit for latest quarter stood at Rs 562.82 crore, down 7.81 per cent from the same quarter a year ago.

    Shareholding pattern
    As of 30-Jun-2022, DIIs held 19.2 per cent stake in the firm, while foreign institutional investors held 20.22 per cent and the promoters 51.52 per cent.


    Valuation ratio
    According to BSE data, the stock traded at a P/E multiple of 26.55 and a price-to-book ratio of 5.01. 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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    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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