Chola Inv Finance shares drop 0.81% as Sensex rises
The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of Rs 997.4.
Shares of & Finance Company Ltd. traded 0.81 per cent lower in Wednesday's session at 11:26AM (IST). The stock opened at Rs 1297.5 and has touched an intraday high and low of Rs 1305.55 and Rs 1280.0, respectively, during the session so far.The stock quoted a 52-week high of Rs 1352.9 and a 52-week low of 997.4. About 6,108 shares changed hands on the counter so far.
Benchmark Nifty50 was up 8.75 points at 22537.8, while the BSE traded 75.04 points higher at 74028.35 at the time of writing of this report.
In the pack, 23 stocks traded the day in the green, while 27 were in the red.
Key Financials
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 year-ago quarter. The company reported net profit of Rs 1065.23 crore for the latest quarter.
Promoter Holdings
Promoters held 50.37 per cent stake in the company as of 31-Dec-2023, while FIIs held 24.73 per cent and MFs 15.02 per cent.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 1165.62 on May 22, while the 50-DMA was at Rs 1175.59. If a stock trades 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 as bearish trend and if trades between these averages, then it suggests the stock can go either way.
Source: Stocks-Markets-Economic Times
