Tourism Finance Corporation board to meet on July 10 to consider stock split
of India's (TFCI) board of directors will meet on Thursday, July 10 to consider the proposal for a stock split. The manner of sub-division of equity shares of face value of Rs 10 each will be decided during the meeting.
The company in its filing to the exchanges on Friday informed about the board meeting. It said that the trading window for dealing in the securities of the company by the designated or connected persons will be closed from July 1 till 48 hours after the declaration of financial results.
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Tourism Finance Corporation is a smallcap stock with a market capitalisation of Rs 2,426 crore.
Shares of Tourism Finance Corporation ended Friday's trade at Rs 262 on the NSE, surging by 8.21% or Rs 19.87 from Thursday's closing price. The stock also hit a fresh 52-week high of Rs 264.
TFCI is a premier public financial institution which commenced operations in 1989 and provides finance and advisory services to the tourism sector in India. Besides tourism, TFCI is now also providing finance to educational institutions, healthcare institutions, non-banking finance companies, and the real estate sector engaged in affordable/middle-class housing development among other sectors.
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The stock has been in top form in 2025 so far, delivering 58% returns and significantly outperforming the Nifty whose returns on the year-to-date basis is 7%. On the one-year basis, TFCI has yielded 28% versus 5% by the 50-stock index.
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The company reported Q4FY25 net profit of Rs 30 crore versus Rs 20 crore posted by the company in the year-ago period. This is a 48% year-on-year growth. The total revenue in the quarter under review stood at Rs 70 core, which is a YoY 21% jump over Rs 58 crore posted in the corresponding quarter of the last financial year.
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