Share price of Chola Inv Finance rises as Nifty strengthens

Shares of Cholamandalam Investment & Finance Company Ltd. gained 1.29 per cent to Rs 555.2 in Tuesday’s trade as of 11:23AM (IST). The stock hit a high price of Rs 557.35 and low of Rs 543.5 during the session.

The return on equity (ROE) for the stock stood at 15.84 per cent. Traded volume on the counter stood at 11:23AM shares and turnover at Rs 28.68 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 600.9 and 52-week low prices of Rs 215.6, respectively.

The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.8.

Promotor/FII Holding

Promoters held 51.6 per cent stake in the company as of 30-Jun-2021, while overseas investors held 18.85 per cent and domestic institutional investors had 17.93 per cent.

Key Financials

The company reported consolidated sales of Rs 2481.91 crore for the quarter ended 30-Jun-2021, up 0.09 per cent from previous quarter’s Rs 2479.8 crore and up 16.76 per cent from the year-ago quarter’s Rs 2125.61 crore. Net profit after tax for the latest quarter stood at Rs 328.55 crore, down 23.82 per cent from the same quarter a year ago.

The MACD signalled a bullish bias on the counter. The MACD is known for signalling trend reversals in traded securities or indices.

It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on topof the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.

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