Cholamandalam Financial Holdings Sees Revision in Its Stock Evaluation Amid Positive Market Trends

Cholamandalam Financial Holdings, a prominent player in the finance and non-banking financial company (NBFC) sector, has recently experienced a notable adjustment in its evaluation. The stock has shown resilience, gaining 3.71% on January 2, 2025, and outperforming its sector by 1.25%. This marks a positive trend, as Cholamandalam has recorded consecutive gains over the past two days, accumulating a total return of 3.16% during this period.
The stock opened with a significant gap up of 2.22% and reached an intraday high of Rs 1442.4, reflecting a 3.11% increase. While Cholamandalam's moving averages indicate a mixed performance—higher than the 5-day moving average but lower than the 20-day, 50-day, 100-day, and 200-day averages—the overall action in the finance/NBFC sector has also been favorable, with a gain of 2.05%.

In light of these developments, Cholamandalam Financial Holdings has been added to MarketsMOJO's list, highlighting its current standing in the market. The stock's performance over one day and one month shows a contrast, with a 4.79% increase compared to the Sensex's 1.29% rise, while the one-month performance reflects a decline of 6.41% against the Sensex's 0.90% drop.