India's Cholamandalam Financial Holdings drops to over 19-month low

Cholamandalam Financial Holdings

29/12/2022 08:31

** Shares of Cholamandalam Financial Holdings Ltd  CHOL.NS 
fall as much as 1.6% to a 19-month low of 557.15 rupees, lowest
since May 17, 2021
    ** Investment holding co's shares down for 10th straight
session, during which it lost 7.1%
    ** Stock trading under 50-day, 100-day and 200-day moving
avgs since Oct. 21, signalling a bearish sentiment
    ** CHOL's relative strength index (RSI) below 30, an
indication that it is oversold
    ** More than 11,000 shares traded by 01:48 p.m., vs 30-day
avg of 70,186 shares
    ** Stock down 13.2% YTD, up to last close
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))