Chola Inv Finance Share Price: Chola Inv Finance shares 3.08% as Nifty gains
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Chola Inv Finance Share Price: Chola Inv Finance shares 3.08% as Nifty gains

NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 3.08 per cent in Thursday’s trade at 10:50AM (IST). Around 11,080 shares changed hands on the counter.

The stock opened at Rs 1260.40 and touched an intraday high and low of Rs 1297.00 and Rs 1260.40, respectively, in the session so far. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1650.00 and a 52-week low of Rs 1011.50.

As per BSE, the total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 108734.09 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 6322.3400 crore for the quarter ended 30-Sep-2024, 7.95 per cent from previous quarter’s Rs 5856.7500 crore and 34.66 per cent from the year-ago quarter’s Rs 4695.1600 crore. The net for latest quarter stood at Rs 967.8 crore, 25.22 per cent from the same quarter a year ago.

Shareholding pattern
As of 30-Sep-2024, DIIs held 14.25 per cent stake in the firm, while foreign institutional investors held 27.18 per cent and the promoters 50.09 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 28.23 and a price-to-book ratio of 4.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Cholamandalam Investment & Finance Company Ltd. belongs to the NBFC – Diversified industry.

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