Chola Inv Finance share price: Chola Inv Finance shares a 2.77% rise as Sensex rises

The shares of & Finance Company Ltd. gained 2.77% to Rs 650.0 in Monday’s session at 10:15 (IST), even though the benchmark Sensex shares traded down 446.97 points at 54,207.75.

Earlier in the day, the stock saw a gap in early trading. The stock quoted a 52-week high of Rs 770.05 and a 52-week low of Rs 469.75 on NSE. Around 497,232 shares changed hands on the counter till 10:15 am (IST).

The stock opened at Rs 635.0 and touched an intraday high and low of Rs 650.8 and Rs 635.0 during the session so far. The stock showed a price to earnings (PE) ratio of 24.78, earnings per share (EPS) of Rs 26.23 and a price to book value (PB) of 5.01, while the return on equity (ROE) stood at Rs 18.29.

Promoter/ Holding FII
The promoters held 51.55% of the company’s capital as of July 18, while the stakes of FII and MF amounted to 20.03% and 19.54% respectively.

Key financial data

With a market capitalization of Rs 53369.67 crore, the company operates in the NBFC – diversified industry. For the quarter ended March 31, 2022, the company reported consolidated sales of Rs 2,656.63 crore, up 3.88% from the previous quarter of Rs 2,557.46 crore and up 7.13% from compared to the same quarter a year ago. The company reported a net profit of Rs 686.74 crore for the last quarter, up 180.15% from the corresponding quarter last year.

Technical indicators
The relative strength index (RSI) of the stock stands at 53.71. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and an oversold condition when it is below 30. Analysts say that the RSI indicator should not be considered in isolation, as it may not be enough to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.