Chola Inv Finance shares fall 0.87 per cent in Monday’s trading session

Shares of & Finance Company Ltd. fell 0.87 per cent to Rs 642.2 in Monday’s trade as of 12:23PM (IST) even as the benchmark Nifty ruled at 15849.55, up 150.3 points.

The scrip had closed at Rs 647.85 in the previous session. The stock quoted a 52-week low of Rs 469.75 and a high of Rs 770.05. The company quoted a market-cap of Rs 52819.55 crore on the BSE.

On BSE, 20,887 shares have changed hands on the counter so far. At its prevailing price, the stock traded at 24.53 times its trailing 12-month EPS of Rs 26.23 per share and 5.01 times its book value. The return on equity (ROE) stood at Rs 18.29.

Key Financials

For the quarter ended 31-Mar-2022, Cholamandalam Investment & Finance Company Ltd. reported consolidated sales of Rs 2656.63 crore, up 7.13 per cent from the same quarter a year ago. The company reported 180.15 per cent YoY growth in net profit at Rs 686.74 crore for the latest quarter.

Technical indicators

The relative strength index (RSI) of the stock stood at Monday. The RSI oscillates between zero and 100. Traditionally, it is considered overbought condition when the RSI value is above 70 and oversold when it is below 30.

Analysts say the RSI indicator should not be seen in isolation, as it may not be sufficient to take a trading call, just the way a fundamental analyst cannot give a “buy” or “sell” recommendation using a single valuation ratio.

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