Chola Inv Finance Share Price: Chola Inv Finance stock price up 0.32 per cent as Sensex slides

Shares of Cholamandalam Investment & Finance Company Ltd. pink 0.32 per cent to Rs 652.2 at 10:40AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap down start to the session.

As per data available on BSE, total traded quantity on the counter stood at 52,476 shares with a turnover of Rs 3.43 crore till 10:40AM (IST). The stock traded at a price-to-earnings (P/E) multiple of 31.21, while the price-to-book value ratio stood at 4.78.

Return on equity (ROE) was at 15.84 per cent, according to exchange data. The stock hit an intraday high of Rs 660.5 and a low of Rs 641.05 during the session and quoted a 52-week high price of Rs 681.95 and a 52-week low of Rs 454.9.

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

Technical Indicators

The 200-DMA (day moving average) of the stock stood at Rs 562.67 on February 08, while the 50-DMA was at Rs 578.82. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend. If it trades between 50-DMA and 200-DMA, then it suggests the stock can go either way.

The Relative Strength Index (RSI) of the stood at 59.74. The RSI oscillates between zero and 100. Traditionally, a stock is considered overbought when the RSI value stands above 70 and oversold when it is below 30.

promoter holding

As of 31-Dec-2021, promoters held 51.55 per cent stake in the company, while overseas investors held 20.98 per cent and domestic institutional investors had 19.46 per cent.

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