Chola Inv Finance shares down 2.81% as Nifty gains

NEW DELHI: Shares of Cholamandalam Investment & Finance Company Ltd. traded 2.81 per cent down in Friday's trade at 01:55PM (IST). Around 27,100 shares changed hands on the counter.

The counter opened at Rs 1301.0 and touched an intraday high and low of Rs 1305.05 and Rs 1260.0, respectively, in the session so far. Shares of the company of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high of Rs 1305.05 and a 52-week low of Rs 658.0.

Total market cap of the Cholamandalam Investment & Finance Company Ltd. stood at Rs 103874.05 crore at the time of writing this report.


Key Financials
The company reported consolidated net sales of Rs 4695.16 crore for the quarter ended 30-Sep-2023, up 12.57 per cent from previous quarter's Rs 4170.79 crore and up 53.09 per cent from the year-ago quarter's Rs 3067.02 crore.

The net profit for latest quarter stood at Rs 772.87 crore, up 37.32 per cent from the corresponding quarter last year.

Shareholding pattern
As of 30-Sep-2023, DIIs held 16.67 per cent stake in the company, while foreign institutional investors held 21.51 per cent and the promoters 51.43 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 34.36 and a price-to-book ratio of 4.37. 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.