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

Tourism Finance Corporation of India has made headlines today as its stock price reached a new 52-week high of Rs. 315.75, marking a significant milestone for the small-cap finance company. This achievement comes after a three-day streak of gains, although the stock has underperformed its sector by 3% today.
Despite the recent high, the stock experienced a slight decline following its consecutive gains. It touched an intraday high of Rs. 315.75, reflecting a 2.1% increase at one point during the trading session. Notably, the stock is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong short to medium-term performance trend.

In the broader market context, the Sensex has shown positive momentum, climbing 357.05 points to reach 81,672.84, a rise of 1.33%. The finance and non-banking financial company (NBFC) sector has also seen gains, up by 2.53%. Over the past year, Tourism Finance Corporation of India has delivered an impressive performance, with a 73.90% increase compared to the Sensex's modest 1.53% rise. The stock's 52-week low stands at Rs. 122.15, highlighting its significant recovery over the past year.