Chola Inv Finance shares down 1.85% as Nifty drops
A total of 7,552 shares changed hands on the counter till 01:54PM (IST).
NEW DELHI: Shares of & Finance Company Ltd. traded 1.85 per cent down in Tuesday's trade at 01:54PM (IST). Around 7,552 shares changed hands on the counter.The stock opened at Rs 1155.1 and touched an intraday high and low of Rs 1162.45 and Rs 1131.05, respectively, in the session so far. Shares of the company of & Finance Company Ltd. quoted a 52-week high of Rs 1309.75 and a 52-week low of Rs 819.0.
As per , the total market cap of the Investment & Finance Company Ltd. stood at Rs 95688.26 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 5054.76 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter's Rs 3408.09 crore.
The net profit for latest quarter stood at Rs 872.02 crore, up 27.34 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Dec-2023, DIIs held 15.02 per cent stake in the company, while foreign institutional investors held 24.73 per cent and the promoters 50.23 per cent.
Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 29.81 and a price-to-book ratio of 4.37. 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
