Tourism Finance Corporation Achieves 52-Week High Amid Strong Market Performance

Tourism Finance Corporation of India has made headlines today as its stock price reached a new 52-week high of Rs. 358.85, marking a significant milestone for the small-cap finance company. This achievement comes after a robust performance over the past week, during which the stock has gained 18.13%, reflecting a consistent upward trend for seven consecutive days.
In today's trading session, the stock outperformed its sector by 1.58%, indicating strong relative strength. Additionally, it is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive momentum in its price action.

In the broader market context, the Sensex opened higher at 81,129.69, gaining 342.39 points, and is currently trading at 81,080.32. While the Sensex is below its 50-day moving average, the 50-day moving average itself is positioned above the 200-day moving average, indicating a mixed market sentiment. Over the past year, Tourism Finance Corporation of India has delivered impressive returns of 100.99%, significantly outperforming the Sensex, which has seen a decline of 0.59%. The stock's 52-week low stands at Rs. 122.15, highlighting its remarkable recovery and growth trajectory.