Cholamandalam Investment and Finance Company’s market cap drops by Rs 3,089 crore as shares decline nearly 3%

Cholamandalam Investment and Finance Company witnessed a 2.89% drop in its share price on Thursday, closing at Rs 1,231.70. This decline led to an estimated market capitalization loss of Rs 3,089 crore, bringing the company’s total market cap to Rs 1,03,548.43 crore.

Key trading highlights:

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  • Opening price: Rs 1,269.45
  • Day’s high: Rs 1,273.95
  • Day’s low: Rs 1,229.05
  • Volume traded: 8.21 lakh shares
  • Value traded: Rs 101.95 crore

Price information:

  • 52-week high: Rs 1,652.00 (24-Sep-2024)
  • 52-week low: Rs 1,011.20 (06-Mar-2024)
  • Daily volatility: 2.00%

Additional context:

Investors are cautious as the stock trends downward, reflecting broader market sentiments in the NBFC sector.

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