Cholamandalam Investment & Finance Company Ltd Share Price – NSE  /  BSE

Finance, Mid Cap

Cholamandalam Investment & Finance Company announced the appointment of Ravindra Kumar Kundu (DIN: 07337155) as theManging Director of the Company for a period of five years with effect from 7 October 2024. Kundu has been the Executive Director of the Company since 23 January 2020.

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Net profit of Cholamandalam Investment & Finance Company rose 33.41% to Rs 947.15 crore in the quarter ended June 2024 as against Rs 709.94 crore during the previous quarter ended June 2023. Sales rose 41.77% to Rs 5812.31 crore in the quarter ended June 2024 as against Rs 4099.72 crore during the previous quarter ended June 2023.

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Cholamandalam Investment & Fin. Co. will hold a meeting of the Board of Directors of the Company on 26 July 2024.

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Cholamandalam Investment & Finance Company Ltd is up for a fifth straight session today. The stock is quoting at Rs 1473.35, up 1.32% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.01% on the day, quoting at 23559.35. The Sensex is at 77463.83, up 0.21%. Cholamandalam Investment & Finance Company Ltd has gained around 14% in last one month.

Meanwhile, Nifty Financial Services index of which Cholamandalam Investment & Finance Company Ltd is a constituent, has gained around 6.44% in last one month and is currently quoting at 22585.35, up 1.04% on the day. The volume in the stock stood at 8.76 lakh shares today, compared to the daily average of 15.89 lakh shares in last one month.

The benchmark June futures contract for the stock is quoting at Rs 1474.5, up 1.42% on the day. Cholamandalam Investment & Finance Company Ltd is up 31.33% in last one year as compared to a 25.2% jump in NIFTY and a 17.01% jump in the Nifty Financial Services index.

The PE of the stock is 35.72 based on TTM earnings ending March 24.

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