Share price of Chola Inv Finance jumps as Sensex gains 521.38 points
A total of 18,164 shares changed hands on the counter till 12:33PM (IST)
Share price of & Finance Company Ltd. gained 1.04 per cent to Rs 1126.95 at 12:33PM (IST) in Wednesday's trade. The stock hit a high of Rs 1130.0 and low of Rs 1112.85 so far during the session. The stock had closed at Rs 1115.3 in the previous session.The counter had a total traded volume of 12:33PM shares so far with a turnover of Rs 2.03 crore on . The stock traded at a price-to-earnings multiple of 29.44 and a price-to-book ratio of 4.37.
A higher P/E 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 firm 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
