Chola Inv Finance share price: Chola Inv Finance shares rise 0.64% in Wednesday’s trading session

The shares of & Finance Company Ltd. rose 0.64% to 725.95 rupees in Wednesday trading at 12:28 p.m. (IST) even as the benchmark Nifty reigned at 16,979.35, down 28.05 points.

The certificate had closed at Rs 721.3 in the previous session. The stock traded a 52-week low of Rs 469.75 and a high of Rs 817.95. The company quoted a market capitalization of Rs 59,566.74 crore on BSE.

On BSE, 30,563 shares have changed hands on the counter so far. At its prevailing price, the share traded at 24.95 times its 12-month EPS of 29.06 rupees per share and 5.01 times its book value. The return on equity (ROE) stood at Rs 18.29.

Key financial data

For the quarter ended June 30, 2022, Cholamandalam Investment & Finance Company Ltd. reported consolidated sales of Rs 2,795.91 crore, up 12.65% from the same quarter a year ago. The company reported a 71.06% year-on-year growth in net profit to Rs 562.01 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) for the stock stood at Wednesday. The RSI oscillates between zero and 100. Traditionally, it is considered an overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say that the RSI indicator should not be considered in isolation, as it may not be sufficient to take a trade call, just as a fundamental analyst cannot give a “buy” or “sell” recommendation in using a single valuation ratio.