NSE: TFCILTD | BSE: 526650 | ISIN: INE305A01015
INDUSTRY : Financial Institutions
42.70 1.95 (4.79%)
NSEJul 03, 2020 15:31
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2019-06-13||Tourism Finance Corp..||Emkay||115.50||115.50 (-63.03%)||Not Rated|
We met the newly appointed TFCI management who sounded optimistic in its medium term outlook of the Indian hotel and tourism industry. With an AUM of ~13bn, the management seeks to achieve strong growth as a specialist financier. TFCI's aims to deepen its focus on urban centers with average ticket size of Rs300-500mn - a niche segment relatively underfunded. Apart from funding hotels/hospitals, TFCI will...
|2018-02-08||Tourism Finance Corp..||Rudra Shares and Stock Brokers Ltd||156.80||156.80 (-72.77%)||Accumulate|
Rudra Shares and Stock Brokers Ltd
To help tourism industry grows as one of the main industries through innovative means of financial & advisory assistance and to attain and maintain the leadership role in financing tourismrelated projects. Catalyze and channelize investments into various segments of the tourism industry and across various locations in a need based manner....
|2016-10-26||Tourism Finance Corp..||Edelweiss||66.30||66.30 (-35.60%)|
|2016-10-05||Tourism Finance Corp..||Edelweiss||70.25||70.25 (-39.22%)|
|2016-09-06||Tourism Finance Corp..||HDFC Securities||46.70||54.00||46.70 (-8.57%)||Target met||Buy|
|2015-05-13||Tourism Finance Corp..||Nirmal Bang Institutional||54.80||23.00||54.80 (-22.08%)|
Nirmal Bang Institutional
We hosted 4QFY15 post-result conference-call of Tourism Finance Corporation of India (TFCI). Following are the key highlights: Muted growth in FY15 balance sheet: TFCI's loan book grew at a muted rate of 7.3%. Loans sanctioned grew 19% in FY15 to Rs8.7bn, whereas disbursement rose 43% to Rs5.8bn. Refinance sanctioned amounting to ~Rs1.8bn did not get translated into disbursement as the existing banks of clients offered them lower interest rates and also extended the repayment schedule. Also, repayments were higher in FY15 at Rs4.3bn as there were prepayments amounting to Rs1.5bn by clients....