Chola Inv Finance shares down 1.6% as Sensex rises

The stock opened at Rs 1434.0 and has touched an intraday high and low of Rs 1435.25 and Rs 1408.55 during the session so far. The stock quoted a price-to-earnings (PE) ratio of 34.97, earnings per share (EPS) of Rs 40.72 and price to book value (PB) of 4.96, while the return on equity (ROE) stood at Rs 17.45.

Promoter/ FII Holding
The promoters held 100.7 per cent stake in the company as of June 28, while FII and MF ownerships stood at 52.0 per cent and 28.18 per cent, respectively.

Key Financials
With a market capitalisation of Rs 119611.58 crore, the company operates in the NBFC - Diversified industry. For the quarter ended 31-Mar-2024, the company reported consolidated sales of Rs 5499.16 crore, up 8.79 per cent from the previous quarter?s Rs 5054.76 crore and up 43.41 per cent from the same quarter a year ago. The company reported net profit of Rs 1065.23 crore for the latest quarter, up 24.56 per cent from the corresponding quarter last year.

Technical Indicators
The relative strength index (RSI) of the stock stands at 59.42. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold condition when it is below 30. Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a "buy" or "sell" recommendation using a single valuation ratio.