Why is Tour. Fin. Corp. falling/rising?

As of 07-Jul, the Tourism Finance Corporation of India Ltd is experiencing a price increase, currently at Rs. 279.05, reflecting a rise of Rs. 16.85 or 6.43%. The stock has recently reached a new 52-week high of Rs. 284 and has shown strong performance, gaining 18.74% over the last four days. It is trading above all key moving averages, indicating a bullish trend. Additionally, the company has reported its highest cash and cash equivalents at Rs. 142.00 crore and a low debt-equity ratio of 0.71 times, which are positive indicators of financial health. The increase in institutional investor participation, with a 0.59% rise in stake, further supports the stock's upward momentum.
In the broader market context, the stock has significantly outperformed the benchmark Sensex, which has seen a slight decline of 0.20% over the past week, while the stock itself has surged by 18.72%. This stark contrast highlights the stock's strength relative to the market. Over the past year, Tourism Finance Corporation has achieved a return of 30.46%, while the Sensex has only managed 4.31%, showcasing the company's consistent performance and appeal to investors. The liquidity of the stock, supported by a substantial increase in delivery volume, also indicates strong investor interest, contributing to its rising price.