Share price of Chola Inv Finance rises as Nifty strengthens

Shares of Cholamandalam Investment & Finance Company Ltd. gained 0.43 per cent to Rs 750.15 in Tuesday's trade as of 10:35AM (IST).

The stock hit a high price of Rs 753.6 and low of Rs 747.45 during the session.

The return on equity (ROE) for the stock stood at 18.29 per cent. Traded volume on the counter stood at 10:35AM shares and turnover at Rs 0.77 crore around that time.

The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high and 52-week low prices of Rs 817.95 and Rs 469.75, respectively.

The Beta value of the counter, which measures its volatility in relation to the broader market, stood at 1.8.

Promotor/FII Holding
Promoters held 51.52 per cent stake in the company as of 30-Jun-2022, while FIIs held 20.22 per cent and domestic institutional investors had 20.15 per cent.

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.

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