CHOLAMANDALAM INVEST. Plunges by 5%; BSE 500 Index Down 0.8%
March 18, 2020 09:54 AM

CHOLAMANDALAM INVEST. share price has plunged 5% and is presently trading at Rs 225.

Meanwhile, the BSE 500 Index is at 11,951 (down 0.8%).

Among the top losers in the BSE 500 Index today are CHOLAMANDALAM INVEST. (down 5.4%) and MAH. SCOOTERS (down 5.1%).

YES BANK (up 30.5%) and ZEE ENTERTAINMENT (up 9.5%) are among the top gainers today.

Over the last one year, CHOLAMANDALAM INVEST. has moved down from Rs 278 to Rs 225, registering a loss of Rs 54 (down 19.3%)..

The BSE 500 has moved down from 15,069 to 11,951, loss of 3,118 points (down 20.7%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 237.1%), ABBOTT INDIA (up 103.8%) and NAVIN FLUORINE (up 83.9%).

What About the Benchmark Indices?

The BSE Sensex is at 31,102 (down 0.7%). The top gainers among the BSE Sensex stocks today are SUN PHARMA (up 3.1%). The most traded stocks in the BSE Sensex are ONGC and BHARTI AIRTEL.

In the meantime, NSE Nifty is at 9,128 (down 0.6%). YES BANK (up 26.6%) and ZEE ENTERTAINMENT (up 10.5%) are among the top gainers in NSE Nifty.

Over the last 12 months, the BSE Sensex has moved down from 38,095 to 31,102, registering a loss of 6,993 points (down 20.32%).

CHOLAMANDALAM INVEST. Financial Update...

CHOLAMANDALAM INVEST. net profit stood at Rs 3 billion for the quarter ended September 2019, compared to a profit of Rs 3 billion a year ago. Net Sales rose 20.0% to Rs 22.0 billion during the period as against Rs 18.3 billion in July-September 2018.

For the year ended March 2019, CHOLAMANDALAM INVEST. reported 30.4% increase in net profit to Rs 12.0 billion compared to net profit of Rs 9.2 billion during FY18.

Revenue of the company grew 27.5% to Rs 71 billion during FY19.

The current Price to earnings ratio of CHOLAMANDALAM INVEST., based on rolling 12 month earnings, stands at 2.7x.