Chola Inv Finance shares up 0.64% as Nifty drops
A total of 9,946 shares changed hands on the counter till 11:26AM (IST).
NEW DELHI: Shares of & Finance Company Ltd. traded 0.64 per cent up in Friday's trade at 11:26AM (IST). Around 9,946 shares changed hands on the counter.The counter opened at Rs 1190.0 and touched an intraday high and low of Rs 1208.55 and Rs 1186.95, respectively, in the session so far. Shares of the company of & Finance Company Ltd. quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 773.95.
Total market cap of the Investment & Finance Company Ltd. stood at Rs 101280.43 crore at the time of writing this report.
Key Financials
The company reported consolidated net sales of Rs 5054.76 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter's Rs 3408.09 crore.
The net profit for latest quarter stood at Rs 872.02 crore, up 27.34 per cent from the corresponding quarter last year.
Shareholding pattern
As of 31-Dec-2023, domestic institutional investors held 15.02 per cent stake in the firm, while foreign institutional investors held 24.73 per cent and the promoters 50.37 per cent.
Valuation ratio
According to data, the stock traded at a price-to-earnings multiple of 31.55 and a price-to-book ratio of 4.37. 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
