Cholamandalam Investment Finance Co. Ltd Up by 7.66% | Espresso Market Updates

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Espresso Shot of the Day - Cholamandalam Investment & Finance Co. Ltd up by 7.66 percent

April 06, 2023
Espresso Shot of the Day - Cholamandalam Investment & Finance Co. Ltd up by 7.66 percent

CHOLAMANDALAM INVESTMENT & FINANCE CO. LTD 841.40(+7.66%) BSE –INE121A01024 | 06th April 2023

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Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking and a variety of other financial services to customers. Chola operates from 885 branches across India with assets under management above Rs.35,000 crores. The subsidiaries of Chola are Cholamandalam Securities Limited (CSEC), Cholamandalam Distribution Services Limited (CDSL) and White Data Systems India Private Limited (WDSI).


Recent Drivers

  • Shares of Cholamandalam Investment and Finance Company Ltd rose sharply on April 6, 2023, after the financial services arm of the Murugappa Group reported healthy disbursements in the March quarter (Q4) of the financial year 2022-23 (FY23).
  • Cholamandalam Investment also mentioned that its collection efficiency on billing stood at 130 per cent (overall) in the quarter ending March 2023.
  • Company announced an interim dividend on the outstanding equity shares of the Company at the rate of 65% being Rs.1.30 per equity share of Rs.2/- each for the year ending 31st March 2023. Record date for the same was set as February 10,2023.
  • On February 1,2023, Cholamandalam Investment and Finance Company reported a quarterly net profit of Rs. 684.82 crores in December 2022, up 29.77% from Rs.527.71 crores in December 2021.
  • On February 1,2023, the company reported a quarterly net sale of Rs. 3,356.13 crores in December 2022, up 31.24% from the Rs. 2,557.28 crores reported in December 2021.
           (Sources: Exchange, Money control, Business Today)


Technical Force*

  • S&P BSE 100 month till date gain by 1.30%.
  • 3 months avg. NSE volume: 1,615,551
  • Quantity traded: 2,84,574| Deliverable quantity: 55,699 (19.57%).
  • Stock price jumped by more than 40 % from a one-year low level: 594.00 (June 15, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 846.00| 52-week-low: 594.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1152.48

985.22

854.13

686.87

555.78

388.52

257.43

-

Fibonacci Pivot

985.22

871.25

800.84

755.49

686.87

618.25

572.90

502.49

388.52


Today’s Close

841.40

SMA

BSE

10 DAY

758.35

20 DAY

755.58

50 DAY

757.98

200 DAY

730.49


Some Key Ratios (Source: BSE)

Market Cap:  69,165.56 Crores

PE: 27.63

OPM%: -

ROE%:  19.48

Promoters holding%: 51.49

Prev. Close:  781.50


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.