TFCI Stock Sees Significant Increase, Outperforms Sector and Sensex

Tourism Finance Corporation of India (TFCI) has seen a significant increase in its stock price, gaining 7.76% on June 7, 2024. This rise in stock price has been attributed to the company's strong performance in the finance and non-banking financial sector.

According to MarketsMOJO, a leading stock analysis platform, TFCI's stock is currently rated as a 'Strong Sell'. However, the company has outperformed the sector by 7.5% and has been on a consecutive gain for the past 2 days, with a 13.26% increase in returns during this period.

The stock opened with a gain of 3.24% today and reached an intraday high of Rs 174, which is an 8.41% increase. TFCI's moving averages are also showing a positive trend, with the stock being higher than the 5 day, 20 day, 50 day, and 200 day moving averages. However, it is currently lower than the 100 day moving average.

In comparison to the Sensex performance, TFCI has shown a 1 day performance of 7.98%, while the Sensex has only seen a 0.51% increase. Similarly, in the past month, TFCI has outperformed the Sensex with a 6.58% increase compared to the Sensex's 2.65% increase.

Overall, TFCI's stock has shown a strong performance in the past few days, with positive trends in its moving averages and outperforming the sector and Sensex. Investors may want to keep an eye on this stock as it continues to show potential for growth in the finance and NBFC industry.