Chola Inv Finance shares drop 2.0% as Sensex rises
A total of 32,806 shares changed hands on the counter till 02:05PM (IST)
Shares of & Finance Company Ltd. traded 2.0 per cent down at Rs 1073.0 at 02:05PM (IST) on Tuesday, even as benchmark gained 341.69 points to 73844.33. The stock had settled at Rs 1094.95 in the previous session.The stock quoted a 52-week high and 52-week low of Rs 1309.75 and Rs 709.85, respectively.
As per BSE data, total traded volume on the counter till 02:05PM (IST) stood at 02:05PM shares with turnover at Rs 3.51 crore.
At the current price, the stock trades at 28.13 times its trailing 12-month earnings per share of Rs 38.23 per share and 4.37 times its price-to-book value, the exchange data showed.
A higher P/E ratio shows investors are willing to pay a higher share price today because of growth expectations in the future. 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.
The Beta value of the stock, which measures its volatility in relation to the broader market, stood at 1.8.
Shareholding Details
Promoters held 50.37 per cent stake in the company as of 31-Dec-2023, while FIIs owned 24.73 per cent and DIIs 18.39 per cent.
Source: Stocks-Markets-Economic Times
