Chola Inv Finance share price: Chola Inv Finance share price increased by 6.72%

Shares of Cholamandalam Investment & Finance Company Ltd. traded down 6.72% to Rs 733.1 around 10:00 a.m. (IST) on Friday. The stock had closed at Rs 686.95 in the previous session. The benchmark Sensex shares rose 38.07 points to 59073.02 around the same time.

The certificate has climbed 30.29% in the past year to date, while the 30-stock index has gained 20.17% over the same period.

The 52-week high price of the stock stood at 739.8 rupees and the 52-week low price at 469.75 rupees.

Over-the-counter trading volume was 170,229 shares, while it quoted a price-to-earnings ratio of 35.15, an EPS value of 20.85 and a price-to-book value of 4.78. In the Nifty50 pack, 31 stocks were trading in the green, while 19 stocks were in the red.

Promoter/Fii Holding
The promoters held a 51.55% stake in the company as of December 31, 2021, while ownership by foreign investors and MFs stood at 20.98% and 18.31%, respectively.

Key financial data
For the quarter ended December 31, 2021, the company reported consolidated sales of Rs 2,557.46 crore, up 2.43% from Rs 2,496.71 crore in the previous quarter and up 1.47% from compared to Rs 2520.48 crore in the prior year quarter. The company reported a net profit of Rs 527.71 crore for the last quarter.

Technical indicators

The MACD signaled a bearish bias on the meter. The MACD is known to signal 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 drawn above 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 downward movement and vice versa.