Tourism Finance Corporation shares trade flat in early session

NEW DELHI: Shares of Tourism Finance Corporation of India Ltd. traded 0.0 per cent in Friday’s trade at 10:56AM (IST). Around 84,092 shares changed hands on the counter.

The stock opened at Rs 35.5 and touched an intraday high and low of Rs 36.0 and Rs 35.4, respectively, in the session so far. Shares of the company of Tourism Finance Corporation of India Ltd. quoted a 52-week high of Rs 112.75 and a 52-week low of Rs 27.35.

Total market cap of the Tourism Finance Corporation of India Ltd. stood at Rs 290.58 crore at the time of writing this report.

Anjana Projects, Beacon Trusteeship, Dovetail India Fund Class 6 Shares sold 4,59,037 shares, 4,14,290 shares and 10,23,271 shares of Tourism Finance Corporation of India . On the other hand, ICM Finance lapped up 10,50,000 shares of the company at Rs 35.50 per share. Dovetail India Fund held 1.33 per cent stake in the company at the end of March quarter, and with this transaction has offloaded most of his stake in the company.

Key Financials

The company reported consolidated net sales of Rs 54.39 crore for the quarter ended 31-Mar-2020, down 16.82 per cent from previous quarter’s Rs 65.39 crore and down 13.85 per cent from the year-ago quarter’s Rs 63.13 crore.

The net profit for latest quarter stood at Rs 12.1702 crore, down 52.32 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2020, domestic institutional investors held 0.0 per cent stake in the firm, while foreign institutional investors held 10.44 per cent and the promoters 14.59 per cent.

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Valuation ratio

According to BSE data, the stock traded at a price-to-earnings multiple of 3.59 and a price-to-book ratio of 0.39. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Tourism Finance Corporation of India Ltd. belongs to the Term Lending – General industry.



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