Meanwhile, the BSE Sensex was up 151.27 points or 0.78% at 19,577.98.
On BSE, 3,283 shares were traded in the counter as against average daily volume of 64,156 shares in the past one quarter.
The stock hit a high of Rs 274 and a low of Rs 270 so far during the day. The stock had hit a 52-week high of Rs 292.95 on 13 December 2012. The stock had hit a 52-week low of Rs 112.60 on 2 January 2012.
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The stock had outperformed the market over the past one month till 31 December 2012, surging 8.49% compared with the Sensex's 0.45% rise. The scrip had also outperformed the market in past one quarter, jumping 23.1% as against Sensex's 3.54% gain.
The mid-cap company has equity capital of Rs 132.57 crore. Face value per share is Rs 10.
Shares of Cholamandalam Investment and Finance Company had declined 4.36% in three trading sessions to settle at Rs 268.35 on Monday, 31 December 2012, from a recent high of Rs 280.60 on 26 December 2012.
Cholamandalam Investment and Finance Company's board of directors at a meeting held on 27 December 2012 approved raising capital up to Rs 300 crore, in one or more tranches, through private placement including by a qualified institutional placement (QIP).
Cholamandalam Investment and Finance Company's consolidated net profit jumped 96% to Rs 69.18 crore on 46.1% growth in total income to Rs 609.25 crore in Q2 September 2012 over Q2 September 2011.
Cholamandalam Investment and Finance Company is the financial services arm of the Murugappa Group. The company provides a comprehensive range of financial services, offering vehicle finance, business finance, home equity loans, stock broking and distribution of financial products to its customers.
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