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Cholamandalam Investment & Finance Company is currently trading at Rs. 580.05, up by 10.75 points or 1.89% from its previous closing of Rs. 569.30 on the BSE.
The scrip opened at Rs. 584.40 and has touched a high and low of Rs. 585.55 and Rs. 578.55 respectively. So far 836 shares were traded on the counter.
The BSE group 'B ' stock of face value Rs. 10 has touched a 52 week high of Rs. 617.45 on 04-Mar-2015 and a 52 week low of Rs. 240.00 on 11-Mar-2014.
Last one week high and low of the scrip stood at Rs. 617.45 and Rs. 565.45 respectively. The current market cap of the company is Rs. 8349.99 crore.
The promoters holding in the company stood at 57.66 % while Institutions and Non-Institutions held 33.59 % and 8.75 % respectively.
Cholamandalam Investment & Finance Company has tied-up with Cognizant to digitally transform its vehicle finance business operations, from loan origination through recovery, in order to reduce costs, improve business agility, and deliver an integrated customer experience.
Cognizant is developing multi-channel applications across mobile, tablets and web for Chola field staff and customers in order to drive real-time decision-making and improve productivity. Through this digital transformation program, Chola will be able to improve customer turnaround time, enhance operational efficiencies, and reduce costs.
Mobile-enabling its workforce will also help Chola boost the efficiency and engagement levels of its field staff, branch managers, dealers and vendors, and digitizing its operations will help reduce human errors and improve the speed and efficiency of loan origination, servicing, and arrears management. To provide Chola better control over its mobile applications, Cognizant has licensed TruMobi, a suite of ready-to-deploy, on-demand business and IT solutions.
| Company Name | CMP |
|---|---|
| Bajaj Finance | 7340.75 |
| Shriram Finance | 2732.05 |
| Aditya Birla Capital | 239.95 |
| SBI Cards AndPayment | 728.10 |
| L&T Finance | 181.85 |
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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