Chola Inv Finance shares up 0.6% as Nifty drops
A total of 4,356 shares changed hands on the counter till 11:57AM (IST).
NEW DELHI: Shares of & Finance Company Ltd. traded 0.6 per cent up in Thursday's trade at 11:57AM (IST). Around 4,356 shares changed hands on the counter.The counter opened at Rs 1420.2 and touched an intraday high and low of Rs 1432.45 and Rs 1415.0, respectively, in the session so far. The stock of & Finance Company Ltd. quoted a 52-week high of Rs 1475.95 and a 52-week low of Rs 997.4.
As per , the total market cap of the Investment & Finance Company Ltd. stood at Rs 119758.57 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 5499.16 crore for the quarter ended 31-Mar-2024, up 8.79 per cent from previous quarter's Rs 5054.76 crore and up 43.41 per cent from the year-ago quarter's Rs 3834.57 crore.
The net profit for latest quarter stood at Rs 1065.23 crore, up 24.56 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Mar-2024, DIIs held 14.09 per cent stake in the firm, while foreign institutional investors held 26.0 per cent and the promoters 50.21 per cent.
Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 35.02 and a price-to-book ratio of 4.96. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.
Investment & Finance Company Ltd. belongs to the NBFC - Diversified industry.
Source: Stocks-Markets-Economic Times
