Chola Inv Finance share price: Chola Inv Finance share up 1.42% as Sensex increases

The shares of Cholamandalam Investment & Finance Company Ltd. gained 1.42% to Rs 511.75 in Wednesday’s 10:25 am (IST) session, even as the benchmark Sensex shares traded 179.2 points higher at 56,498.21.

Earlier today, the title saw a gap at the start of the session. The stock listed a 52-week high of Rs 667.5 and a 52-week low of Rs 345.2 on NSE. About 25,649 shares changed hands at the box office until 10:25 a.m. (IST).

The action opened at Rs 506.0 and hit an intraday high and low of Rs 516.45 and Rs 506.0 during the session so far. The script cited a price-to-earnings (PE) ratio of 26.48, earnings per share (EPS) of Rs 19.42, and price-to-book (PB) of 4.78, while return on equity ( ROE) amounted to Rs 15.84.

Promoter / FII Holding
The promoters held 51.57% of the company’s capital as of December 22, while the holdings of FII and MF amounted to 21.36% and 18.21% respectively.

Key financial data

With a market capitalization of Rs 42,208.41 crore, the company operates in the NBFC – diversified industry. For the quarter ended Sep 30, 2021, the company reported consolidated sales of Rs 2,496.71 crore, up 0.6% from the previous quarter at Rs 2,481.91 crore and up 1.58% compared to the same quarter a year ago. The company reported net profit of Rs 610.51 crore for the most recent quarter, up 40.46% from the corresponding quarter of last year.

Technical indicators
The Relative Strength Index (RSI) for the stock stands at 34.81. The RSI hovers between zero and 100. Traditionally, it is considered an overbought condition when the value of the RSI is above 70 and an oversold condition when it is below 30. Analysts say the RSI indicator should only not be viewed in isolation, as it may not be enough to take a trade call, in the same way that a fundamental analyst cannot give a ‘buy’ or ‘sell’ recommendation using a single valuation ratio .

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