Latest news with #TourismFinanceCorporation
Mint
11-07-2025
- Business
- Mint
Multibagger small-cap stock Tourism Finance Corporation hits all-time high on board nod to 1:5 bonus share issue
Bonus shares 2025: Multibagger small-cap stock Tourism Finance Corporation of India gained nearly 3% to hit a fresh high of ₹ 293 on the BSE in intraday deals on Friday, July 11, as investors cheered the board's decision for a 1:5 bonus share issue. At a meeting held on Thursday, July 10, Tourism Finance Corporation's board announced five free shares for every share held at no additional cost to the shareholders, making it the first-ever bonus share issue by the small-cap company. "Board of Directors at their meeting held today have approved... sub-division/split of the existing 1 (one) equity share of the Company having face value of ₹ 10/- (Rupees Ten only) each, into 5 (five) equity shares having face value of ₹ 2/- (Rupees Two only) each, by alteration of Capital Clause of the Memorandum of Association of the Company, subject to approval of the Members of the Company at the ensuing AGM and any regulatory/ statutory approvals, as may be required under applicable laws," the company said in an exchange filing post-market hours on Thursday. Tourism Finance Corporation did not declare a record date yet, saying it would be announced at a later date. 'The record date for the purpose of the sub-division/split of equity shares shall be decided after taking the aforesaid approval of the members of the company and the same will be intimated in due course,' the exchange filing stated.
Economic Times
04-07-2025
- Business
- Economic Times
Tourism Finance Corporation board to meet on July 10 to consider stock split
TFCI is a premier public financial institution which commenced operations in 1989 and provides finance and advisory services to the tourism sector in India. Synopsis Tourism Finance Corporation of India (TFCI) will consider a stock split at its board meeting on July 10. The move follows a stellar run in 2025, with the stock gaining 58% year-to-date and hitting a fresh 52-week high. Tourism Finance Corporation 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. ADVERTISEMENT 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. 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 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 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. ADVERTISEMENT Also Read: Vedanta's investor dilemma: Dividend king, pauper returns; time to buy or say bye? 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. ADVERTISEMENT (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel) Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Nikita Papers IPO opens on May 27, price band set at Rs 95-104 per share Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Why gold prices could surpass $4,000: JP Morgan's bullish outlook explained Cyient shares fall over 9% after Q4 profit declines, core business underperforms Cyient shares fall over 9% after Q4 profit declines, core business underperforms L&T Technology Services shares slide 7% after Q4 profit dips L&T Technology Services shares slide 7% after Q4 profit dips Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? Trump-Powell standoff puts U.S. Rate policy in crosshairs: Who will blink first? SEBI warns of securities market frauds via YouTube, Facebook, X and more SEBI warns of securities market frauds via YouTube, Facebook, X and more API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders API Trading for All: Pi42 CTO Satish Mishra on How Pi42 is Empowering Retail Traders Security, transparency, and innovation: What sets Pi42 apart in crypto trading Security, transparency, and innovation: What sets Pi42 apart in crypto trading Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains Bitcoin, Ethereum, or Altcoins? How investors are structuring their crypto portfolios, Avinash Shekhar explains The rise of Crypto Futures in India: Leverage, tax efficiency, and market maturity, Avinash Shekhar of Pi42 explains NEXT STORY
