Cholamandalam Investment Faces Consecutive Declines Amid Broader Market Trends

Jan 24 2025 10:05 AM IST
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Cholamandalam Investment & Finance Company faced a challenging trading day on January 24, 2025, with a significant decline in its stock price. The company has underperformed its sector recently and is currently trading below multiple moving averages, indicating a bearish trend. Despite this, it has shown resilience over the past month.
Cholamandalam Investment & Finance Company has experienced a notable decline of 3.06% on January 24, 2025, reflecting a challenging day for the large-cap finance and non-banking financial company (NBFC). The stock underperformed its sector by 2.95%, marking a consecutive fall over the last two days, with a total drop of 3.06% during this period.

Opening the day with a gap down, Cholamandalam's stock began trading at a loss of 2.27%. Throughout the session, it reached an intraday low of Rs 1232.65, representing a decrease of 3.17%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to medium term.

In terms of broader market performance, Cholamandalam's one-day performance of -3.26% contrasts with the Sensex, which saw a modest decline of 0.24%. However, over the past month, Cholamandalam has shown resilience with a gain of 5.30%, outperforming the Sensex, which has declined by 2.72%.
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