CHOLAMANDALAM FINANCIAL HOLDINGS Plunges by 18%; BSE 500 Index Down 6.4%
March 23, 2020 09:20 AM

CHOLAMANDALAM FINANCIAL HOLDINGS share price has plunged 18% and is presently trading at Rs 338.

Meanwhile, the BSE 500 Index is at 10,631 (down 6.4%).

Among the top losers in the BSE 500 Index today are CHOLAMANDALAM FINANCIAL HOLDINGS (down 18.5%) and ALKEM LABORATORIES (down 15.0%).

SECURITY AND INTELLIGENCE SER. (up 17.5%) and CERA SANITARY (up 14.6%) are among the top gainers today.

Over the last one year, CHOLAMANDALAM FINANCIAL HOLDINGS has moved down from Rs 475 to Rs 338, registering a loss of Rs 137 (down 28.9%)..

The BSE 500 has moved down from 15,137 to 10,631, loss of 4,506 points (down 29.8%) during the last 12 months.

The top gainers among the BSE 500 Index stocks during this same period were ADANI GREEN ENERGY (up 270.9%), ABBOTT INDIA (up 101.4%) and IPCA LABS (up 58.3%).

What About the Benchmark Indices?

The BSE Sensex is at 27,609 (down 7.7%).

In the meantime, NSE Nifty is at 7,946 (down 9.1%).

Over the last 12 months, the BSE Sensex has moved down from 38,387 to 27,609, registering a loss of 10,778 points (down 28.08%).


CHOLAMANDALAM FINANCIAL HOLDINGS net profit stood at Rs 446 million for the quarter ended March 2018, compared to a profit of Rs 364 million a year ago. Net Sales declined 3.2% to Rs 12.3 billion during the period as against Rs 12.7 billion in January-March 2017.

For the year ended March 2018, CHOLAMANDALAM FINANCIAL HOLDINGS reported 19.5% increase in net profit to Rs 2.5 billion compared to net profit of Rs 2.1 billion during FY17.

Revenue of the company grew 24.4% to Rs 33 billion during FY18.

The current Price to earnings ratio of CHOLAMANDALAM FINANCIAL HOLDINGS, based on rolling 12 month earnings, stands at 35.8x.