Cholamandalam Investment & Finance Company Sees Shift in Price Momentum Amid Technical Indicator Changes
Technical Momentum and Price Movement
The stock closed at ₹1,684.35, marking a day change of 1.99% from the previous close of ₹1,651.55. The intraday range saw a low of ₹1,655.00 and a high of ₹1,690.75, with the 52-week price band ranging between ₹1,167.60 and ₹1,780.90. This price action coincides with a shift in the technical trend from mildly bullish to bullish, indicating a strengthening momentum in the near term.
On a comparative basis, Cholamandalam Investment & Finance Company’s returns have outpaced the Sensex over multiple time horizons. Year-to-date returns stand at 41.95%, significantly above the Sensex’s 8.25%. Over one year, the stock has delivered 35.29% compared to the Sensex’s 5.59%, while the 3-year and…
