INSUBCONTINENT EXCLUSIVE:
Tourism Finance Corporation of India's (TFCI) board of directors will meet on Thursday, July 10 to consider the proposal for a stock split
The manner of sub-division of equity shares of face value of Rs 10 each will be decided during the meeting.The company in its filing to the
exchanges on Friday informed about the board meeting
It said that the trading window for dealing in the securities of the company by the designated or connected persons will be closed from July
1 till 48 hours after the declaration of financial results.Tourism Finance Corporation is a smallcap stock with a market capitalisation of
Rs 2,426 crore.Shares of Tourism Finance Corporation ended Friday's trade at Rs 262 on the NSE, surging by 8.21% or Rs 19.87 from Thursday's
The stock also hit a fresh 52-week high of Rs 264.TFCI is a premier public financial institution which commenced operations in 1989 and
provides finance and advisory services to the tourism sector in India
Besides tourism, TFCI is now also providing finance to educational institutions, healthcare institutions, non-banking finance companies, and
the real estate sector engaged in affordable/middle-class housing development among other sectors.
Live EventsThe stock has been in top form
in 2025 so far, delivering 58% returns and significantly outperforming the Nifty whose returns on the year-to-date basis is 7%
On the one-year basis, TFCI has yielded 28% versus 5% by the 50-stock index.Also Read: Vedanta's investor dilemma: Dividend king, pauper
returns; time to buy or say bye?The company reported Q4FY25 net profit of Rs 30 crore versus Rs 20 crore posted by the company in the
This is a 48% year-on-year growth
The total revenue in the quarter under review stood at Rs 70 core, which is a YoY 21% jump over Rs 58 crore posted in the corresponding
quarter of the last financial year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own
These do not represent the views of Economic Times)
