Chola Inv Finance shares down 0.95% as Sensex falls

Shares of Cholamandalam Investment & Finance Company Ltd. fell 0.95 per cent to Rs 737.9 in Tuesday's session as of 11:52AM (IST) even as the equity benchmark Sensex traded 681.52 points lower at 61124.67.

Earlier in the day, the stock witnessed a gap down start to the session. The stock quoted a 52-week high price of Rs 817.95 and a 52-week low of Rs 469.75 on NSE. Around 7739 shares changed hands on the counter till 11:52AM (IST).

The stock opened at Rs 735.4 and has touched an intraday high and low of Rs 747.95 and Rs 735.4 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 25.91, earnings per share (EPS) of Rs 28.48 and price to book value (PB) of 5.01, while the return on equity (ROE) stood at Rs 18.29.

Promoter/ FII Holding
The promoters held 51.52 per cent stake in the company as of December 20, while FII and MF ownerships stood at 20.22 per cent and 19.2 per cent, respectively.

Key Financials
With a market capitalisation of Rs 60618.26 crore, the company operates in the NBFC - Diversified industry. 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 same quarter a year ago. The company reported net profit of Rs 562.82 crore for the latest quarter, down 7.81 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 51.63. 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.