Chola Inv Finance stock price up 0.15 per cent as Sensex slides

Shares of Cholamandalam Investment & Finance Company Ltd. rose 0.15 per cent to Rs 1193.15 at 12:17PM hours (IST) on Friday. Earlier in the day, the stock saw a gap up start to the session.

As per data available on BSE, total traded quantity on the counter stood at 4,416 shares with a turnover of Rs 0.53 crore till 12:17PM (IST). The stock traded at a price-to-earnings (P/E) multiple of 31.23, while the price-to-book value ratio stood at 4.37.

Return on equity (ROE) was at 18.57 per cent, according to exchange data. The stock hit an intraday high of Rs 1199.1 and a low of Rs 1184.7 during the session and quoted a 52-week high price of Rs 1309.75 and a 52-week low of Rs 815.3.

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 1155.22 on April 12, while the 50-DMA was at Rs 1119.39. 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 61.74. 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-2023, promoters held 50.37 per cent stake in the company, while foreign institutional investors held 24.73 per cent and domestic institutional investors had 18.39 per cent.