Chola Inv Finance shares rise 1.4 per cent in Monday's trading session
The Relative Strength Index of the stock stood at 63.14 on Monday.
Shares of & Finance Company Ltd. rose 1.4 per cent to Rs 1357.9 in Monday's trade as of 10:55AM (IST) even as the benchmark ruled at 23332.3, up 42.15 points.The scrip had closed at Rs 1339.15 in the previous session. The stock quoted a 52-week low of Rs 997.4 and a high of Rs 1364.45. The company quoted a market-cap of Rs 113311.81 crore on the .
On BSE, 13,499 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 33.13 times its trailing 12-month EPS of Rs 40.72 per share and 4.96 times its book value. The return on equity (ROE) stood at Rs 17.45.
Key Financials
For the quarter ended 31-Mar-2024, & Finance Company Ltd. reported consolidated sales of Rs 5499.16 crore, up 43.41 per cent from the same quarter a year ago. The company reported 24.56 per cent YoY growth in net profit at Rs 1065.23 crore for the latest quarter.
Technical indicators
The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.
Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.
Source: Stocks-Markets-Economic Times
