Tourism Finance share price surged around 9 per cent on NSE today. The share price opened at Rs. 50.40 from a previous closing of Rs. 50.20. The market cap of Tourism Finance amounts to Rs. 405.20 crores as on 30th November 2016 while the book value stands at 63.69. The one-month return percentage stands at (-27.97).
Tourism Finance share price traded 52-week high of Rs. 72.00 on 05-Oct-16 while it had hit 52-week low of Rs. 34.75 on 24-May-16. The life time high of the share price stands at Rs. 95.80 on 04-Jan-2000 and the life time low of the stock stands at Rs 5.00 on 22-Oct-01.
Quarter Result:
Tourism Finance Corporation of India Ltd reported standalone Q2FY17 results. Its Revenue for the September quarter dipped 4.7% year on year to Rs 50.31 crore.
EBITDA slipped by 86.4% yearly to Rs 3.26 crore led by contraction in EBITDA margin of 3913 basis points to 6.5% year on year. The Decline was mainly on account of provisions for bad debts and write-off on Investments of Rs 20 crores.
The company’s Net profit also declined 10.8% on the yearly basis to Rs 16.36 crores. Bottom-line is valued after considering impact of sale of office premises for Rs 23.36 cr.
As of 2:02 PM, Tourism Finance share price was trading at Rs. 53.10, up by 5.78%. The day’s high of the stock stood at Rs. 54.65 while the day’s low read at Rs. 50.25. So far, the traded volume stands at 846,761 shares with a traded value of Rs. 449.80 lakh as compared to the twenty day average of 708,675.
Out of the Top 500 Shares, Tourism Finance is one of the Multibagger Stocks, recommended by Dynamic Levels Researchers and stock analysts. The share can be a great investment opportunity which can give you high return. The scrip is a well analyzed multibagger stock, based on our technical and fundamental research, traded in very high volumes.
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