Tourism Finance Corporation Reaches New High Amid Broader Market Decline

Tourism Finance Corporation of India has made headlines today as its stock price reached a new 52-week high of Rs. 294.35, 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 4.04%. Notably, it has outperformed its sector by 2.56% today.
The stock's intraday high of Rs. 294.35 reflects a 3.28% increase, indicating robust trading activity. Additionally, Tourism Finance Corporation of India is currently positioned above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a positive trend in its price movement.

In the broader market context, the Sensex has experienced a decline of 0.27%, falling by 259.02 points to 82,278.85, and is currently 4.5% away from its own 52-week high. Despite this, the mid-cap segment is showing resilience, with the BSE Mid Cap index gaining 0.71% today. Over the past year, Tourism Finance Corporation of India has delivered an impressive return of 46.82%, significantly outperforming the Sensex's 2.18% return.