The return on equity (ROE) for the stock stood at 18.29 per cent. Traded volume on the counter stood at 10:05 AM shares and turnover at Rs 1.44 crore around that time. The stock of Cholamandalam Investment & Finance Company Ltd. quoted a 52-week high price of Rs 770.05 and a 52-week low price of Rs 469.75, respectively.
The stock’s Beta value, which measures its volatility in relation to the broader market, stood at 1.8.
Promotor / FII Holding
Promoters held 51.4 per cent stake in the company as of 31-Mar-2022, while foreign investors held 17.61 per cent and domestic institutional investors had 19.54 per cent.
The company reported consolidated sales of Rs 2656.63 crore for the quarter ended 31-Mar-2022, up 3.88 per cent from the previous quarter’s Rs 2557.46 crore and up 7.13 per cent from the year-ago quarter’s Rs 2479.8 crore. Net profit after tax for the latest quarter stood at Rs 686.74 crore, up 180.15 per cent from the same quarter a year ago.
The MACD signaled a bearish bias on the counter. The MACD is known for signaling trend reversals in traded securities or indices.
It is the difference between the 26-day and 12-day exponential moving averages. The nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect “buy” or “sell” opportunities. When the MACD crosses below the signal line, it gives a bearish signal, indicating that the price of the security may see a downward movement and vice versa.