Chola Inv Finance shares down 1.48% as Nifty drops

NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 1.48 per cent down in Monday's trade at 01:48PM (IST). Around 528,662 shares changed hands on the counter.

The stock opened at Rs 702.2 and touched an intraday high and low of Rs 716.15 and Rs 696.55, respectively, in the session so far. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 817.95 and a 52-week low of Rs 594.0.

Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 57879.88 crore at the time of writing this report.

Key Financials
The company reported consolidated 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 corresponding quarter last year.

Shareholding pattern
As of 31-Dec-2022, DIIs held 17.12 per cent stake in the company, while foreign institutional investors held 19.38 per cent and the promoters 51.49 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 24.74 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.