Chola Inv Finance shares up 4.85% as Nifty gains

Shares of

& Finance Company Ltd. rose 4.85 per cent to Rs 734.25 in Tuesday’s trade. It hit an intraday high of Rs 735.6 and low of Rs 716.0, respectively, during the day.

The stock quoted a 52-week high price of Rs 817.95 and low of Rs 469.75.

As of 10:05AM (IST), the counter saw total traded volume of 15,327 shares with a traded value of Rs 1.11 crore, according to NSE.

The stock had closed at Rs 700.3 in the previous session.

The scrip has declined -7.13 per cent in the past one month till date, while the benchmark BSE Sensex has slipped -1.32 per cent during the same period.

According to exchange data, the stock traded at a price-to-earnings (P/E) multiple of 25.15 while price-to-book ratio stood at 5.01. A higher P/E ratio shows that investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations. The price-to-book value indicates the inherent value of a company and it reflects the price investors are ready to pay even for no growth in a business.

The stock belongs to the NBFC – Diversified industry.

Promoter/FII Holding

Promoters held 51.37 per cent stake in the company as of 30-Jun-2022, while FII and MF ownership in the firm stood at 17.96 per cent and 19.2 per cent, respectively.

Key Financials

The company reported consolidated sales of Rs 2795.91 crore for the quarter ended 30-Jun-2022, up 5.24 per cent from the previous quarter’s Rs 2656.63 crore and up 12.65 per cent from the year-ago quarter’s Rs 2481.91 crore. Its net profit for the latest quarter stood at Rs 562.01 crore, up 71.06 per cent from the same quarter a year ago.

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