Shares of Cholamandalam Investment & Finance Company Ltd. traded 1.56 per cent higher in Thursday’s session at 12:07PM (IST). The stock opened at Rs 686.6 and has touched an intraday high and low of Rs 691.95 and Rs 679.5, respectively, during the session so far.
The stock quoted a 52-week high of Rs 701.75 and a 52-week low of 469.75. About 25,032 shares changed hands on the counter so far.
Benchmark Nifty50 was up 48.4 points at 16654.35, while the BSE Sensex traded 182.46 points higher at 55651.36 at the time of writing of this report.
In the Nifty pack, 28 stocks traded the day in the green, while 22 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.
Technicals
On the technical charts, the 200-Day Moving Average (DMA) of the stock stood at Rs 572.24 on March 03, while the 50-DMA was at Rs 619.52. 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.
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