Espresso shot of the day – Cholamandalam Financial Holdings Ltd up by 6.28 percent

EspressoLogy

Espresso shot of the day – Cholamandalam Financial Holdings Ltd up by 6.28 percent

September 16, 2021
Espresso shot of the day – Cholamandalam Financial Holdings Ltd up by 6.28 percent

CHOLAMANDALAM FINANCIAL HOLDINGS LTD. 711.80 (+6.28 %) BSE – INE149A01033 | 16TH SEPTEMBER 2021


Cholamandalam Financial Holdings Limited (CFHL), formerly known as TI Financial Holdings Limited, was incorporated in 1949 and is a part of the Murugappa Group, one of the most diversified business conglomerates of India. Consequent to the scheme of arrangement (demerger) sanctioned by the National Company Law Tribunal, the manufacturing business of the company was transferred to a separate company and the company retained its finance business. CFHL is registered with the Reserve Bank of India as a Non-Deposit taking Systemically Important - Core Investment Company (CIC-ND-SI) pursuant to the receipt of Certificate of Registration from the Reserve Bank of India (RBI) dated January 6, 2020, under Section 45-IA of the Reserve Bank of India Act, 1934. After the demerger, the company has significant shareholding in Cholamandalam Investment and Finance Company Limited, Cholamandalam MS General Insurance Company Limited and Cholamandalam MS Risk Services Limited.

Recent Drivers

  • On Sept 15, 2021, Cholamandalam Investment & Finance Company agreed to make a strategic investment in Paytail Commerce Private (Paytail) up to a sum not exceeding Rs 9.75 crores in 27,482 equity shares in one or more tranches, subject to satisfactory completion of due diligence and documentation.
  • On Aug 4, 2021, Cholamandalam Investment & Finance Company reported quarterly net profit at Rs 166.4 crores in June 2021.
  • On Aug 4, 2021, Cholamandalam Investment & Finance Company reported net sales at Rs 3,591.07 crores in June 2021.
  • On July 3, 2021, the Nomination & Remuneration Committee has approved an allotment of 2,110 equity shares of Rs 1 each to the option grantee who has exercised his options.
(Sources: Business Standard, Moneycontrol, BSEIndia)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.77%
  • Traded on new 52-week-high value: 757.5
  • 3 months avg. volume of NSE: 1,23,361
  • Quantity traded: 22,922 | Deliverable quantity: 5,103 (22.26%)
  • Stock price has jumped more than 105% from one-year-low level: 362.1 (Oct 19, 2020)
  • Daily RSI (14) is near Overbought territory today
  • 52-week-high: 757.5 | 52-week-low: 362.1

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1026.85

803.15

669.40

445.70

311.95

88.25

-

    -

Fibonacci Pivot

803.15

666.60

582.25

527.91

445.70

363.49

309.15

224.80

88.25


Today’s Close

711.80

SMA

BSE

10 DAY

673.14

20 DAY

664.78

50 DAY

656.82

200 DAY

603.20


Some Key Ratios (Source: BSE)

Market Cap: 13,362.63 crores

PE: 553.54

OPM%: -

ROE%: 2.12

Promoters holding%: 48.8

Prev. Close: 669.75

*Chart And Technical Force data taken from the Binge desktop app.

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 Sharekhan comtrade 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. Sharekhan Comtrade Private 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.