Cholamandalam Investment & Finance Company is currently trading at Rs. 1199.05, up by 0.90 points or 0.08% from its previous closing of Rs. 1198.15 on the BSE.
The scrip opened at Rs. 1203.10 and has touched a high and low of Rs. 1203.15 and Rs. 1187.95 respectively. So far 3133 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1243.90 on 06-Oct-2016 and a 52 week low of Rs. 805.10 on 15-Dec-2016.
Last one week high and low of the scrip stood at Rs. 1212.95 and Rs. 1123.50 respectively. The current market cap of the company is Rs. 18696.48 crore.
The promoters holding in the company stood at 53.08%, while institutions and non-institutions held 36.54% and 10.38% respectively.
Cholamandalam Investment and Finance Company is planning to open about 100 branches across the country in FY18, on expectation of robust growth in the vehicle-financing segment. This will take the total number of branches to 800. The Murugappa Group financial services company is expecting growth to gather momentum in the coming quarters on the back of good monsoon and higher government spending.
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.
