Cholamandalam Investment Hits New 52-Week High at Rs. 1763.4

Cholamandalam Investment & Finance Company has reached a significant milestone by hitting a new 52-week high of Rs. 1763.4 today. This achievement underscores the company's robust performance in the Non-Banking Financial Company (NBFC) sector, where it has consistently outperformed its peers. Over the past three days, the stock has gained 5.56%, reflecting a strong upward trend.
In terms of market performance, Cholamandalam has outperformed its sector by 1.29%. The stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a solid bullish momentum. Over the past year, Cholamandalam has delivered a remarkable return of 27.21%, significantly outpacing the Sensex's performance of 6.81%.

The company has demonstrated strong fundamentals, with a healthy annual growth rate in net sales of 25.43% and an operating profit growth of 24.84%. Additionally, it has reported positive results for the last 11 consecutive quarters, further solidifying its position in the market. With high institutional holdings at 44.12%, Cholamandalam Investment & Finance Company continues to be a notable player in the financial landscape.