Chola Inv Finance shares up 0.01% as Nifty gains

Cholamandalam Investment & Finance Company Ltd. shares were up 0.1% on Friday at 12:53 PM (IST). 17,048 shares were traded at the counter.

The stock started the day at Rs 780.6 and has since reached intraday highs of Rs 786.55 and Rs 786.55, respectively, and lows of Rs 774.0. A 52-week high of Rs. 787.0 and a 52-week low of Rs. 469.75 were quoted for the stock of Cholamandalam Investment & Finance Company Ltd.

The Cholamandalam Investment & Finance Company Ltd.’s total market value was Rs. 63711.2 crore at the time this report was written.

Key Financials
The Company recorded consolidated revenues of Rs 2795.91 crore for the quarter that ended on 30 June 2022, an increase of 5.24 percent over the previous quarter’s Rs 2656.63 crore and 12.65 percent over the same quarter a year prior. The net profit for the most recent quarter was Rs 562.01 crore, an increase of 71.67% from the same quarter a year prior.

Pattern of shareholding

As of June 30, 2022, promoters held a 51.52 percent share in the company, followed by foreign institutional investors with a 20.22 percent investment and DIIs with a 19.2 percent stake.

Valuation ratio
The stock had a price-to-book ratio of 5.01 and a P/E multiple of 26.69, per BSE data. Because they anticipate faster future growth, investors are more ready to pay more, as shown by a higher P/E ratio. Price-to-book value is a measure of the price investors are willing to pay, even in the absence of business development, and it reveals a company’s fundamental value. The NBFC – Diversified industry is in which Cholamandalam Investment & Finance Company Ltd. operates.