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Cholamandalam Investment rises on inaugurating four new branches in Maharashtra

15 Sep 2016 Evaluate

Cholamandalam Investment & Finance Company is currently trading at Rs. 1093.00, up by 19.25 points or 1.79% from its previous closing of Rs. 1073.75 on the BSE.

The scrip opened at Rs. 1099.90 and has touched a high and low of Rs. 1099.90 and Rs. 1081.20 respectively. So far 3,814 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1215.00 on 02-Sep-2016 and a 52 week low of Rs. 582.50 on 20-Jan-2016.

Last one week high and low of the scrip stood at Rs. 1117.80 and Rs. 1057.00 respectively. The current market cap of the company is Rs. 17,076.59 crore.

The promoters holding in the company stood at 53.13%, while Institutions and Non-Institutions held 38.79% and 8.08% respectively.

Cholamandalam Investment & Finance Company has inaugurated four new branches in state of Maharashtra, adding to its network of 54 branches in the state. The new branches include two in Mumbai at Chembur and Dombivali; one at Chakan in Pune; and one in Sinnar, Nashik.

The company plans to open more branches and strengthen its presence across all districts to tap potential customers in all Tier-III and IV cities in Maharashtra. It has over 168 branches in the west zone and intends reaching the 200-branch mark by March 2017. As a part of its growth plans, the company which operates out of 617 branches across India, plans to expand this network to over 700 branches this financial year.

Cholamandalam Investment & Finance Company is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space.


Chola Invest & Fin. Share Price

1579.65 10.55 (0.67%)
17-Apr-2026 16:59 View Price Chart
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