Chola Inv Finance Share Price: Chola Inv Finance shares fall 3.37% as Nifty drops
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Chola Inv Finance Share Price: Chola Inv Finance shares fall 3.37% as Nifty drops

Shares of Cholamandalam Investment & Finance Company Ltd. traded 3.37 per cent down at Rs 1338.9 on Monday at around 11:26AM (IST), while the benchmark BSE Sensex declined 2450.51 points to 78531.44.

As many as 22,084 shares changed hands on the counter with a total value of Rs 2.99 crore.

The stock quoted a 52-week high price of Rs 1476.9 and a 52-week low of Rs 997.4.

On the technical charts, the 200-DMA of the stock stood at Rs 1226.21, while 50-DMA was at Rs 1379.87. If a stock trades above 50 DMA and 200 DMA, it usually means the immediate trend is up. On the other hand, if the stock trades below 50 DMA and 200 DMA both, it is considered a bearish trend and if it trades between 50DMA and 200DMA, then it suggests the stock can go anywhere.

Shares of the company have advanced 17.81 per cent in the past one year, while Sensex has risen 17.73 per cent during the same period. According to BSE data, the stock trades at a price-to-earnings multiple of 31.2 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 reflects the price that investors are ready to pay even for no growth in a business. The stock belongs to the NBFC – Diversified industry.

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