Chola Inv Finance shares gain 0.71% as Sensex rises
The stock quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 831.05.
Shares of & Finance Company Ltd. traded 0.71 per cent higher in Tuesday's session at 12:27PM (IST). The stock opened at Rs 1140.75 and has touched an intraday high and low of Rs 1154.0 and Rs 1133.95, respectively, during the session so far.The stock quoted a 52-week high of Rs 1309.75 and a 52-week low of 831.05. About 14,537 shares changed hands on the counter so far.
Benchmark Nifty50 was up 79.85 points at 22416.25, while the BSE traded 268.32 points higher at 73916.94 at the time of writing of this report.
In the pack, 30 stocks traded the day in the green, while 20 were in the red.
Key Financials
For the quarter ended 31-Dec-2023, the company reported consolidated sales of Rs 5054.76 crore, up 7.66 per cent from the previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter. The company reported net profit of Rs 872.02 crore for the latest quarter.
Promoter Holdings
Promoters held 50.37 per cent stake in the company as of 31-Dec-2023, while FIIs held 24.73 per cent and MFs 15.02 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1155.81 on April 23, while the 50-DMA was at Rs 1116.81. 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 well below 50-DMA and 200-DMA both, it is considered as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
