Pune Media
Leading the news curation and publishing for the people of Pune

Chola Inv Finance shares rise 0.64 per cent in Wednesday’s trading session

Shares of & Finance Company Ltd. rose 0.64 per cent to Rs 725.95 in Wednesday’s trade as of 12:28PM (IST) even as the benchmark Nifty ruled at 16979.35, down 28.05 points.

The scrip had closed at Rs 721.3 in the previous session. The stock quoted a 52-week low of Rs 469.75 and a high of Rs 817.95. The company quoted a market-cap of Rs 59566.74 crore on the BSE.

On BSE, 30,563 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 24.95 times its trailing 12-month EPS of Rs 29.06 per share and 5.01 times its book value. The return on equity (ROE) stood at Rs 18.29.

Key Financials

For the quarter ended 30-Jun-2022, Cholamandalam Investment & Finance Company Ltd. reported consolidated sales of Rs 2795.91 crore, up 12.65 per cent from the same quarter a year ago. The company reported 71.06 per cent YoY growth in net profit at Rs 562.01 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.



Images are for reference only.Images and contents gathered automatic from google or 3rd party sources.All rights on the images and contents are with their legal original owners.

Aggregated From –
Comments
Loading...

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More

Pune.Media
Typically replies within few minutes on a chat or a day via email
Hey There! I am here to help you :)
Hello there
Subscribe to our YouTube Channel so that we can get you awesome news from around the world!