Shares of Chola Inv Finance fall as Nifty drops
On the technical charts, the 200-day moving average of the stock stood at Rs 1162.04.
Shares of & Finance Company Ltd. slipped 0.76 per cent to Rs 1243.0 in Wednesday's trade as of 01:23PM (IST). It hit a high of Rs 1259.95 and low of Rs 1223.85 during the session.The stock quoted a 52-week high price of Rs 1352.9 and a low of Rs 991.3. The return on equity for the stock stood at 17.45 per cent. About 22,186 shares have changed hands on the counter so far.
The stock's beta value, which measures its volatility in relation to the broader market, stood at 1.8.
The scrip has been an outperformer, up 24.01 per cent in the past one year in comparison with a 18.16 per cent gain in .
Technicals
On the technical charts, the 200-day moving average (DMA) of the stock stood at Rs 991.3 on May 15, while the 50-DMA was at Rs 1155.91. If a stock trades well 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 a bearish trend and if trades between these averages, then it suggests the stock can go either way.
Promoter/FII Holding
Promoters held 50.21 per cent stake in & Finance Company Ltd. as of 31-Dec-2023. Mutual funds and foreign institutional investors held 14.09 per cent and 26.0 per cent stake.
Source: Stocks-Markets-Economic Times
