Key Events This Week
Jan 19: Stock opens week at ₹67.13, down 2.67% amid mixed technical momentum
Jan 20: Further decline to ₹64.74 as technical signals shift to mildly bullish
Jan 21: Intraday low hit at ₹59.50, stock falls 6.10% amid price pressure
Jan 22: Temporary rebound to ₹63.45 on strong volume
Jan 23: Week closes at ₹60.75, down 4.26% on the day
Monday, 19 January 2026: Mixed Technical Momentum Amid Initial Decline
Tourism Finance Corporation of India Ltd began the week on a cautious note, closing at ₹67.13, down 2.67% from the previous Friday’s close of ₹68.97. This decline occurred despite earlier indications of bullish momentum from technical indicators, which had suggested growing investor confidence. The stock traded with a volume of 306,760 shares, reflecting moderate investor activity. Meanwhile, the Sensex also declined by 0.49%, closing at 36,650.97, indicating a broadly negative market sentiment.
The mixed technical signals were evident as daily moving averages remained bullish, but weekly momentum indicators showed caution. The stock’s price remained well above its 52-week low of ₹24.43 but below its 52-week high of ₹75.94, signalling a consolidation phase. This initial drop set the tone for a volatile week ahead.
Tuesday, 20 January 2026: Technical Signals Shift to Mildly Bullish Amid Further Price Drop
On 20 January, TFCI’s stock price declined further to ₹64.74, a 3.56% drop from the previous day’s close. This movement coincided with a shift in technical parameters from bullish to mildly bullish, reflecting a moderation in upward momentum. The stock traded higher volumes of 340,278 shares, suggesting increased selling pressure.
Despite the decline, the stock remained comfortably above its 52-week low and continued to outperform the Sensex over longer timeframes, with a one-year return exceeding 120%. The Sensex itself fell sharply by 1.82% to 35,984.65, indicating a broader market downturn. The divergence between daily bullish moving averages and weekly bearish momentum indicators underscored the stock’s uncertain near-term outlook.
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Wednesday, 21 January 2026: Intraday Low and Sharp Price Pressure
The stock faced significant selling pressure on 21 January, hitting an intraday low of ₹59.50, marking an 8.09% drop from the previous close. The day ended with a 6.10% decline to ₹60.79, extending the losing streak to three consecutive sessions. This sharp fall was accompanied by a surge in volume to 3,573,035 shares, indicating strong investor reaction to the price weakness.
Technical indicators showed the stock trading below its 5-day, 20-day, 50-day, and 100-day moving averages, signalling immediate downward momentum. However, it remained above the 200-day moving average, suggesting some long-term support. The Sensex was relatively stable, closing down 0.47% at 35,815.26, highlighting TFCI’s underperformance relative to the broader market.
This day’s price action reflected heightened volatility and caution among investors, with the stock underperforming its sector peers amid a subdued market environment.
Thursday, 22 January 2026: Rebound on Strong Volume
After three days of declines, TFCI rebounded on 22 January, closing at ₹63.45, up 4.38% on the day. This recovery was supported by a significant increase in trading volume to 4,841,980 shares, indicating renewed buying interest. The stock’s price moved back above some short-term moving averages, suggesting a temporary relief from the prior selling pressure.
The Sensex also recovered, gaining 0.76% to close at 36,088.66, reflecting a broader market bounce. This positive price action was a brief respite in an otherwise challenging week for the stock, though technical indicators remained mixed with weekly momentum still cautious.
Friday, 23 January 2026: Week Closes Lower Amid Renewed Selling
On the final trading day of the week, TFCI’s stock price declined again, closing at ₹60.75, down 4.26% from the previous day. Volume dropped to 404,368 shares, indicating reduced trading activity. The Sensex fell 1.33% to 35,609.90, continuing the broader market’s downward trend.
This closing price marked an 11.92% decline for the week, significantly underperforming the Sensex’s 3.31% fall. The renewed selling pressure underscored the ongoing uncertainty surrounding the stock’s near-term direction amid mixed technical signals and cautious investor sentiment.
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| Date | Stock Price | Day Change | Sensex | Day Change |
|---|---|---|---|---|
| 2026-01-19 | Rs.67.13 | -2.67% | 36,650.97 | -0.49% |
| 2026-01-20 | Rs.64.74 | -3.56% | 35,984.65 | -1.82% |
| 2026-01-21 | Rs.60.79 | -6.10% | 35,815.26 | -0.47% |
| 2026-01-22 | Rs.63.45 | +4.38% | 36,088.66 | +0.76% |
| 2026-01-23 | Rs.60.75 | -4.26% | 35,609.90 | -1.33% |
Key Takeaways
1. Significant Underperformance: TFCI’s stock fell 11.92% over the week, markedly underperforming the Sensex’s 3.31% decline, reflecting heightened volatility and sector-specific pressures.
2. Mixed Technical Signals: The stock’s technical indicators presented a complex picture, with daily moving averages remaining bullish but weekly momentum and MACD signals turning cautious or mildly bearish, indicating a transitional phase.
3. Volume and Price Pressure: The sharp intraday low on 21 January and elevated volumes suggested strong selling pressure, while the rebound on 22 January showed temporary buying interest, though it was not sustained.
4. Long-Term Strength Amid Short-Term Weakness: Despite the recent decline, TFCI’s long-term returns remain robust, outperforming the Sensex significantly over one, three, five, and ten-year periods, underscoring the stock’s resilience.
5. Mojo Score and Rating: The current Mojo Score of 37.0 and Sell grade reflect a cautious stance from MarketsMOJO, signalling the need for prudence amid the mixed technical environment.
Conclusion
The week ending 23 January 2026 was challenging for Tourism Finance Corporation of India Ltd, with the stock experiencing a sharp 11.92% decline amid mixed technical signals and broader market weakness. While daily moving averages offered some support, the prevailing weekly momentum and MACD indicators suggested caution. The intraday low and elevated volumes midweek highlighted significant selling pressure, though a brief rebound demonstrated underlying interest.
Investors should consider the stock’s strong long-term performance and sector positioning against the current technical uncertainties. The downgrade to a Sell rating by MarketsMOJO and the stock’s underperformance relative to the Sensex suggest a need for careful monitoring of key support and resistance levels. Overall, TFCI remains in a transitional phase, with short-term volatility likely to persist before a clearer trend emerges.
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