Share price of Chola Inv Finance jumps as Sensex gains 499.84 points
Promoters held 50.21 per cent stake in the company as of 31-Mar-2024, while FII and DII ownership stood at 26.0 per cent and 14.09 per cent, respectively.
The share price of & Finance Company Ltd. gained 1.19 per cent to Rs 1416.25 at 10:40AM (IST) in Wednesday's trade. The scrip has hit a high of Rs 1417.9 and low of Rs 1400.5 so far during the session. The stock had closed at Rs 1399.55 in the previous session.The counter has had a total traded volume of 5211 shares so far with a value of Rs 0.74 crore on the . It traded at a price-to-earnings multiple of 34.76 and a price-to-book ratio of 4.96.
A higher P/E ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The price-to-book value indicates the inherent value of a company and reflects the price investors are willing to pay even for no growth in the business.
The scrip gained 32.88 per cent during the past one year, while the 30-share index advanced 27.66 per cent during the same period.
& Finance Company Ltd. belongs to the NBFC - Diversified industry.
Promotor/FII Holding
Promoters held 50.21 per cent stake in the company as of 31-Mar-2024, while overseas investors and domestic institutional investors ownership stood at 26.0 per cent and 14.09 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 5499.16 crore for the quarter ended 31-Mar-2024, up 8.79 per cent from the previous quarter's Rs 5054.76 crore and up 43.41 per cent from the year-ago quarter's Rs 3834.57 crore.
Profit for the latest quarter stood at Rs 1065.23 crore, up 24.56 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
