Business

Chola Inv Finance Share Price: Chola Inv Finance shares fall 1.24% as Nifty gains

The shares of Cholamandalam Investment & Finance Company Ltd. were trading up 1.24 percent to Rs 699.0 around 13:54 IST on Monday, while the benchmark BSE Sensex rose 1193.53 points to 60470.22.

Up to 46,644 shares changed hands at the counter for a total value of Rs 3.28 crore.

The stock traded a 52-week high of Rs 739.8 and a 52-week low of Rs 469.75.

On the technical charts, the stock’s 200-DMA stood at Rs.586.06 while the 50-DMA was at Rs.676.02. When a stock is trading above 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50 DMA and 200 DMA, it is considered a bearish trend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock can go anywhere.

The company’s shares are up 24.05 percent over the past year, while Sensex is up 20.86 percent over the same period.

Accordingly BSE According to data, the stock is trading at a price-to-earnings multiple of 33.62 and a price-to-book ratio of 4.78. A higher price-to-earnings ratio shows that investors are willing to pay a higher price for better future growth expectations. The price-to-book ratio indicates a company’s inherent value and reflects the price investors are willing to pay even if a company does not grow. The stock belongs to the branch NBFC – Diversified.

https://economictimes.indiatimes.com/markets/stocks/stock-watch/chola-inv-finance-shares-fall-1-24-as-nifty-gains/articleshow/90638811.cms Chola Inv Finance Share Price: Chola Inv Finance shares fall 1.24% as Nifty gains

Adam Bradshaw

TheHitc is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – admin@thehitc.com. The content will be deleted within 24 hours.

Related Articles

Back to top button