Chola Inv Finance shares down 2.3% as Nifty drops
A total of 16,308 shares changed hands on the counter till 01:34PM (IST).
NEW DELHI: Shares of & Finance Company Ltd. traded 2.3 per cent down in Monday's trade at 01:34PM (IST). Around 16,308 shares changed hands on the counter.The scrip opened at Rs 1431.65 and touched an intraday high and low of Rs 1432.6 and Rs 1394.75, respectively, in the session so far. Shares of the company 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 117788.85 crore at the time of writing this report.
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 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 price-to-earnings multiple of 34.44 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
