Chola Inv Finance share price: Chola Inv Finance shares fall 1.24% as Nifty gains

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Shares of Cholamandalam Investment & Finance Company Ltd. traded down 1.24% to Rs 699.0 around 13:54 (IST) on Monday, while the benchmark BSE Sensex advanced 1193.53 points to 60470.22.

As many as 46,644 shares changed hands on the counter with a total value of Rs 3.28 crore.

The stock quoted a 52-week high of Rs 739.8 and a 52-week low of Rs 469.75.

On the technical charts, the stock’s 200-DMA stood at Rs 586.06, while the 50-DMA was at Rs 676.02. If a stock is trading above 50 DMA and 200 DMA, it usually means that the immediate trend is up. On the other hand, if the stock is trading below 50 DMA and 200 DMA at the same time, it is considered as a downtrend and if it is trading between 50 DMA and 200 DMA, it suggests that the stock may go anywhere.

Shares of the company are up 24.05% over the past year, while Sensex is up 20.86% over the same period.

According to BSE data, the stock trades at a price-to-earnings multiple of 33.62 and a price-to-book ratio of 4.78. A higher P/E ratio shows that investors are willing to pay a higher price due to better expectations for future growth. Price to book value indicates the intrinsic value of a company and reflects the price investors are willing to pay even for a company with no growth. The stock is owned by NBFC – Diversified Industry.

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