Shares of Chola Inv Finance rise as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 1150.47.
Shares of & Finance Company Ltd. gained 1.67 per cent to Rs 1107.2 in Tuesday's trade as of 11:01AM (IST). It hit a high of Rs 1111.4 and low of Rs 1080.1 during the session.The stock quoted a 52-week high price of Rs 1309.75 and a low of Rs 709.85. The return on equity for the stock stood at 18.57 per cent. About 7,640 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.8.
The scrip has been an outperformer, up 51.97 per cent in the past one year in comparison with a 24.57 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 709.85 on March 26, while the 50-DMA was at Rs 1134.53. If a stock trades well above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades well below 50-DMA and 200-DMA both, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 50.23 per cent stake in & Finance Company Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 15.02 per cent and 24.73 per cent stake.
Source: Stocks-Markets-Economic Times
