The share price of the investment service provider, Cholamandalam Investment moved up by 4 percent on March 26.
The firm received an IND AA+ rating from India Ratings and Research to its Rs 200-crore non-convertible debentures.
As per the reports, the shares of the firm may trade high in the future. This suggests the investors buy ratings from the experts.
The price per share is Rs 640. Additionally, in the past couple of months, investors wanted to buy the shares of the firm at a higher price. Furthermore, this indicates the intent of investors to expect high returns in the future.
Furthermore, CIFC anticipated future growth and return on investment indicates the high price of shares against its earning.
As of March 26, the high intraday was Rs 564.65 and the low intraday was Rs 543.20. The share price of CIFC on 1100 hours was Rs 557.20.
In December 2020 the net sales of the company were Rs 2.30 crore. It was 94.22 percent less than that of last years’ Rs 39.81 crore. The net loss slipped down 109.04 percent from Rs 38.48 crore incurred last year.
Earlier, The company planned to give weightage to low-yielding products compared with high-yielding ones resulted in a favorable outcome.
The company started its operation in 1978. Initially, the company began as an equipment financing company. Then, it grew its business and now provides financial services like home loans, SME loans, investment advisory services, and more.
The company’s performance and offerings assure investors to maintain their investment. The company has a customer base of over 7.5 lakh across the country.
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