Chola Inv Finance stock price up 0.96 per cent as Sensex climbs

Shares of Cholamandalam Investment & Finance Company Ltd. rose 0.96 per cent to Rs 719.35 at 11:07AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 6,594 shares with a turnover of Rs 0.47 crore till 11:07AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 25.19, while the price-to-book value ratio stood at 5.01.

Return on equity (ROE) was at 18.29 per cent, according to exchange data. The stock hit an intraday high of Rs 719.4 and a low of Rs 705.05 during the session and quoted a 52-week high price of Rs 817.95 and a 52-week low of Rs 594.0.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 710.78 on January 24, while the 50-DMA was at Rs 716.09. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 54.59. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

Promoter holding

As of 31-Dec-2022, promoters held 102.98 per cent stake in the company, while overseas investors held 38.76 per cent and domestic institutional investors had 42.42 per cent.