Chola Inv Finance share price up 0.67 per cent

Shares of Cholamandalam Investment & Finance Company Ltd. traded 0.67 per cent up at Rs 757.15 at around 10:20AM (IST) on Thursday. The stock had closed at Rs 752.1 in the previous session. Equity benchmark Sensex traded 297.63 points lower at 62380.28 around the same time.


The scrip has climbed 39.73 per cent in the last one year till date, while the 30-share index has gained 9.93 per cent during the same period.

The stock's 52-week high price stood at Rs 817.95 and the 52-week low price at Rs 469.75.

Trading volume on the counter stood at 6,086 shares, while it quoted a price-to-earnings ratio of 26.61, an EPS value of 28.48 and a price-to-book value of 5.01. In the Nifty50 pack, 17 stocks traded in the green, while 33 stocks were in the red.

Promoter/FII Holding
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while foreign institutional investors and mutual funds' ownership stood at 20.22 per cent and 19.2 per cent, respectively.

Key Financials
For the quarter ended 30-Sep-2022, the company reported consolidated sales of Rs 3067.02 crore, up 9.7 per cent from the previous quarter's Rs 2795.91 crore and up 22.84 per cent from the year-ago quarter's Rs 2496.71 crore. The company reported net profit of Rs 562.82 crore for the latest quarter.

Technical Indicators
The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect "buy" or "sell" opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.