Tourism Finance Corporation Achieves 52-Week High Amid Broader Market Challenges

Tourism Finance Corporation of India has made headlines today as its stock price reached a new 52-week high of Rs. 299.3, marking a significant milestone for the small-cap finance company. This achievement comes after a strong performance over the past three days, during which the stock has gained 8.71%, outperforming its sector by 4.34%.
Intraday trading saw the stock hit a high of Rs. 299.3, reflecting a 4.6% increase, while it also experienced a low of Rs. 277.65, which represented a decline of 2.97%. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a robust upward trend.

In contrast, the broader market faced challenges, with the Nifty index closing at 24,754.80, down 100.25 points or 0.4%. The Nifty Small Cap 100 index also struggled, declining by 1.1%. Despite the overall market downturn, Tourism Finance Corporation of India has shown resilience, boasting a remarkable 55.70% increase in its stock price over the past year, significantly outperforming the Sensex, which has seen a slight decline of 0.68%.