Govt Company Approved 88.91 Lakh New Share; After This News, Upper Circuit Hit

Tourism Finance Corporation of India Ltd (NSE: TFCILTD): Tourism Finance Corporation of India Ltd is a public company owned by the state of India. 

The company is a component of the industry for tourism. The company provides financial support to companies involved in the business of tourism. 

A major news story has been reported about the company. Following this announcement, the company was hit with an upper circuit put in place on shares of the company.

The board of the company has voted to approve the issuance of 88.91 lakh shares to non-promoters in exchange for an amount of Rs 225. 

According to information published on the exchange 22,23,000 shares will be given to Aditya Kumar Halwasiya. 

22, 23,000 shares will be given in the name of Cupid Ltd. 44,45,000 shares will be given to Columbia Petro Chem Private Ltd.

It was a short time after the stock entered an upper-circuit after the announcement. Today the stock traded at Rs 261 against the price of Rs 254. 

In the wake of the news that the share had been placed onto the upper circuit for the price of 267 rupees. 

This share grew by 150 percent within just 3 months. It has increased by 300 percent over one year and 400 percent in three years.

FIIs (foreign institution investors) have purchased shares. The stake of the company has grown from 13.01 percent to 13.88 percent.

About Tourism Finance Corporation of India Ltd 

Tourism Finance Corporation of India Limited is a bank that provides financial services.

The Company provides financial aid via rupee short-term loans, and corporate loans along with subscriptions to equity/debentures, mainly to the tourism industry which comprises resorts, hotels and restaurants, food courts entertainment parks, ropeways, and multiplexes.

The program also offers financial aid to other industries including manufacturing, infrastructure, as well as real estate. It also offers finance to educational institutions, healthcare institutions, and the real-estate sector engaged in middle-class housing development.

It offers advisory and consulting services such as tourism areas potential services and development of a tourism master plan disinvestment and advisory services to government agencies, state and central departmental departments, debt syndication, and also investment banking.

Fundamental Analysis of Tourism Finance Corporation of India Ltd 

Tourism Finance Corporation of India Ltd (TFCILTD) Share Price Target 2024 To 2030

Tourism Finance Corporation of India Ltd Shareholding Pattern

Tourism Finance Corporation of India Ltd Share: Last 5 Years’ Financial Condition

To gain a better understanding of how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

Last 5 Years’ Net Profit:

Last 5 Years’ Debt-To-Equity Ratio:

Last 10 Years’ Profit Growth:

Last 10 years’ Return on Equity (ROE):

Sales Growth Over 10 Years:

Conclusion

This article is a complete guide about Tourism Finance Corporation of India Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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