Chola Inv Finance shares gain 1.87% as Sensex rises – Economic Times

Shares of Cholamandalam Investment & Finance Company Ltd. traded 1.87 per cent higher in Wednesday’s session at 10:51AM (IST). The stock opened at Rs 711.5 and has touched an intraday high and low of Rs 727.8 and Rs 711.5, respectively, during the session so far.

The stock quoted a 52-week high of Rs 727.8 and a 52-week low of 469.75. About 40,749 shares changed hands on the counter so far.

Benchmark Nifty50 was up 43.85 points at 17359.35, while the BSE Sensex traded 138.7 points higher at 58128.0 at the time of writing of this report.

In the Nifty pack, 34 stocks traded the day in the green, while 16 were in the red.

Key Financials

For the quarter ended 31-Dec-2021, the company reported consolidated sales of Rs 2557.46 crore, up 2.43 per cent from the previous quarter’s Rs 2496.71 crore and up 1.47 per cent from the year-ago quarter. The company reported net profit of Rs 527.71 crore for the latest quarter.

Promoter Holdings

Promoters held 51.55 per cent stake in the company as of 31-Dec-2021, while FIIs held 20.98 per cent and MFs 18.31 per cent.


On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 579.99 on March 23, while the 50-DMA was at Rs 655.62. 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.

Next Post