ट्रेंडिंग न्यूज़

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 

Market Cap ₹ 2,304 Cr.
Current Price ₹ 257.30
52-wk High ₹ 267.55
52-wk Low ₹ 67.20
Stock P/E 24.34
Book Value ₹ 105
Dividend 0.93 %
ROCE 9.46 %
ROE 8.99 %
Face Value ₹ 10.0
P/B Value 2.44
OPM 89.2 %
EPS ₹ 10.6
Debt ₹ 1,044 Cr.
Debt to Equity 1.10

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

Year 1st Target 2nd Target
2024 ₹ 240 ₹ 272
2025 ₹ 275 ₹ 290
2026 ₹ 300 ₹ 321
2027 ₹ 322 ₹ 330
2028 ₹ 332 ₹ 362
2029 ₹ 400 ₹ 428
2030 ₹ 450 ₹ 500

Tourism Finance Corporation of India Ltd Shareholding Pattern

Promoters Holding
Dec 2022 17.94%
Mar 2023 17.96%
June 2023 17.96%
Sept 2023 17.96%
Dec 2023 17.67%
FII Holding
Dec 2022 16.72%
Mar 2023 16.78%
June 2023 16.29%
Sept 2023 13.01%
Dec 2023 13.88%
DII Holding
Dec 2022 0.00%
Mar 2023 0.00%
June 2023 0.00%
Sept 2023 0.00%
Dec 2023 0.00%
Govt. Holding
Dec 2022 0.00%
Mar 2023 0.00%
June 2023 0.00%
Sept 2023 0.00%
Dec 2023 0.00%
Public Holding
Dec 2022 65.32%
Mar 2023 65.24%
June 2023 65.73%
Sept 2023 69.02%
Dec 2023 68.44%

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:

2019 ₹ 230 Cr
2020 ₹ 266 Cr
2021 ₹ 258 Cr
2022 ₹ 254 Cr
2023 ₹ 244 Cr

Last 5 Years’ Net Profit:

2019 ₹ 86 Cr
2020 ₹ 81 Cr
2021 ₹ 81 Cr
2022 ₹ 85 Cr
2023 ₹ 96 Cr

Last 5 Years’ Debt-To-Equity Ratio:

2019 1.8
2020 1.92
2021 1.72
2022 1.36
2023 0.98

Last 10 Years’ Profit Growth:

10 Years: 5%
5 Years: 3%
3 Years: 3%
Current Year: 12%

Last 10 years’ Return on Equity (ROE):

10 Years: 11%
5 Years: 10%
3 Years: 10%
Last Year: 9%

Sales Growth Over 10 Years:

10 Years: 3%
5 Years: 1%
3 Years: -4%
Current Year: 5%


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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Disclaimer: Dear readers, we’d like to inform you that we are not authorized by SEBI (Securities and Exchange Board of India). The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. Also, the share price predictions are completely for reference purposes. The price predictions will only be valid when there are positive signs on the market. Any uncertainty about the company’s future or the current state of the market will not be considered in this study. We are not responsible for any financial loss you might incur through the information on this site. We are here to provide timely updates about the stock market and financial products to help you make better investment choices. Do your own research before any investment.


A self-motivated and hard-working individual, I am currently engaged in the field of digital marketing to pursue my passion of writing and strategising. I have been awarded an MSc in Marketing and Strategy with Distinction by the University of Warwick with a special focus in Mobile Marketing. On the other hand, I have earned my undergraduate degrees in Liberal Education and Business Administration from FLAME University with a specialisation in Marketing and Psychology.

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