This Small-Cap Tourism Finance Stock Zoomed By 19 Per Cent In A Day; Recorded Highest Intraday Gains In The Last Two Years
The stock price of the company has given returns of 1.34 per cent in last one year and 390 per cent returns in last 5 years.
Tourism Finance Corporation of India Ltd opened at Rs 139.85 and surged to an intraday high of Rs 167.82 before pulling back slightly. The stock witnessed strong buying interest, gaining 19.05 per cent from the previous close of Rs 139.85 to trade at Rs 166.49. Trading volume stood at 1.18 crore shares, with a total turnover of Rs 190.95 crore, indicating significant market participation. The stock displayed bullish momentum throughout the session, with a sharp rise in price and volume.
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Earlier on March 03, the company announced its Q3FY25 results. In the Quarterly Results of December 2024, the company reported a revenue of Rs 57.22 crore, reflecting a YoY decline of 14.94 per cent compared to Rs 67.27 crore in December 2023. The operating profit stood at Rs 46.89 crore, marking a 24.22 per cent decrease from Rs 61.88 crore in the same quarter last year. The profit after tax (PAT) declined by 17.98 per cent to Rs 22.63 crore from Rs 27.59 crore in December 2023.
In FY24, the company posted a revenue of Rs 241.85 crore, registering a 4.49 per cent growth compared to Rs 231.45 crore in FY23. The net profit for the year stood at Rs 91.11 crore, up 3.59 per cent from Rs 87.95 crore in the previous financial year.
Tourism Finance Corporation of India Ltd provides financial assistance to the tourism sector comprising hotels, resorts, restaurants, food courts, amusement parks, ropeways, multiplexes, etc. The stock price of the company has given returns of 1.34 per cent in last one year and 390 per cent returns in last 5 years.
With a PE ratio of 16.4, the company trades at a valuation compared to the industry PE of 21.1. The company has an ROCE of 10.5 per cent and an ROE of 8.65 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.