Chola Inv Finance shares up 0.92% as Nifty gains
A total of 29,811 shares changed hands on the counter till 11:21AM (IST).
NEW DELHI: Shares of & Finance Company Ltd. traded 0.92 per cent up in Friday's trade at 11:21AM (IST). Around 29,811 shares changed hands on the counter.The scrip opened at Rs 1436.95 and touched an intraday high and low of Rs 1455.0 and Rs 1430.5, respectively, in the session so far. Shares of the company of & Finance Company Ltd. quoted a 52-week high of Rs 1455.0 and a 52-week low of Rs 997.4.
Total market cap of the Investment & Finance Company Ltd. stood at Rs 120699.34 crore at the time of writing this report.
Key Financials
The company reported consolidated sales of Rs 5499.16 crore for the quarter ended 31-Mar-2024, up 8.79 per cent from previous quarter's Rs 5054.76 crore and up 43.41 per cent from the year-ago quarter's Rs 3834.57 crore.
The net profit for latest quarter stood at Rs 1065.23 crore, up 24.56 per cent from the same quarter a year ago.
Shareholding pattern
As of 31-Mar-2024, domestic institutional investors held 14.09 per cent stake in the company, while foreign institutional investors held 26.0 per cent and the promoters 50.35 per cent.
Valuation ratio
According to data, the stock traded at a P/E multiple of 35.29 and a price-to-book ratio of 4.96. 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
