India's Cholamandalam Financial reaches record high on Q4 profit climb

Cholamandalam Financial Holdings

15/05/2023 08:35

** Shares of Cholamandalam Financial Holdings  CHOL.NS 
shoot up as much as 4.33% at 810 rupees to reach record high 
    ** Shares up for four consecutive sessions if gains hold 
    ** Investment holding co's Q4 net profit up almost 34% to
4.08 billion rupees ($49.89 million) while interest income
jumped 42% to 37.19 billion rupees 
    ** Co shares trading above 50-, 100-, 200-day simple moving
average, indicating bullish momentum 
    ** More than 240,648 shares change hands by 12:40 P.M. IST
vs 30-day moving average of 181,676 shares  
    ** CHOL has risen 3.17% so far this year 

($1 = 81.7800 Indian rupees)

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))