Share price of Chola Inv Finance jumps as Sensex gains 176.09 points
A total of 11,294 shares changed hands on the counter till 11:26AM (IST)
Share price of & Finance Company Ltd. gained 1.56 per cent to Rs 1064.4 at 11:26AM (IST) in Thursday's trade. The scrip hit a high of Rs 1069.7 and low of Rs 1035.0 so far during the session. The stock had closed at Rs 1048.0 in the previous session.The counter had a total traded volume of 11:26AM shares so far with a turnover of Rs 1.18 crore on . The stock traded at a price-to-earnings multiple of 27.98 and a price-to-book ratio of 4.37.
A higher price-to-earnings ratio shows investors are willing to pay a higher price for per rupee earnings given by the stock because of better future growth expectations.
The 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.
& Finance Company Ltd. belongs to the NBFC - Diversified industry.
Promotor/FII Holding
Promoters held 50.37 per cent stake in the company as of 31-Dec-2023, while overseas investors and domestic institutional investors ownership stood at 24.73 per cent and 18.39 per cent, respectively.
Key Financials
The company reported consolidated net sales of Rs 5054.76 crore for the quarter ended 31-Dec-2023, up 7.66 per cent from the previous quarter's Rs 4695.16 crore and up 48.32 per cent from the year-ago quarter's Rs 3408.09 crore.
Its profit for the latest quarter stood at Rs 872.02 crore, up 27.34 per cent from the same quarter a year ago.
Source: Stocks-Markets-Economic Times
