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    Shares of Chola Inv Finance fall as Nifty drops

    Synopsis

    On the technical charts, the 200-day moving average of the stock stood at Rs 710.81.

    marketsAgencies
    India 10-year bond yield rose 0.37 per cent to 6 after trading in 5.99-6.01 range.
    Shares of Cholamandalam Investment & Finance Company Ltd. slipped 1.99 per cent to Rs 703.65 in Friday's trade as of 01:21PM (IST). It hit a high of Rs 720.55 and low of Rs 696.95 during the session.

    The stock quoted a 52-week high price of Rs 817.95 and a low of Rs 594.0. The return on equity for the stock stood at 18.29 per cent. About 35,277 shares have changed hands on the counter so far.

    The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.8.

    The scrip has been an outperformer, up 9.31 per cent in the past one year in comparison with a 2.39 per cent gain in Sensex.

    Technicals
    On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 594.0 on January 27, while the 50-DMA was at Rs 716.34. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

    Promoter/FII Holding
    Promoters held 51.37 per cent stake in Cholamandalam Investment & Finance Company Ltd. as of 31-Dec-2022. Mutual funds and foreign institutional investors held 19.2 per cent and 17.96 per cent stake.



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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
    The Economic Times

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