Why is Tour. Fin. Corp. falling/rising?
As of 11-Aug, Tourism Finance Corporation of India Ltd's stock is at Rs 280.20, down 1.02%, with mixed short-term performance but a strong year-to-date increase of 69.51%. Despite recent declines, the stock has outperformed the Sensex in the long term, supported by a solid cash position and increasing institutional interest.
As of 11-Aug, Tourism Finance Corporation of India Ltd is experiencing a decline in its stock price, currently at Rs 280.20, down by Rs 2.9 or 1.02%. Today's price summary indicates that the stock underperformed its sector by 1.71%, with an intraday high of Rs 289.5 and a low of Rs 275.9. The stock has shown mixed performance over the past week, gaining 1.89%, but has seen a slight decline of 1.68% over the past month. Despite this recent downturn, the stock has demonstrated strong long-term performance, with a year-to-date increase of 69.51% and a remarkable 389.43% rise over the last three years. Positive factors contributing to the stock's resilience include a strong cash position, a low debt-equity ratio, and increasing institutional investor participation, which has risen by 1.81% in the last quarter.In the broader market context, the stock's recent performance contrasts with the Sensex, which has declined by 0.51% over the past week and 2.30% over the past month. This suggests that while the stock has faced some short-term challenges, it has outperformed the benchmark in the longer term, particularly with a substantial year-to-date return compared to the Sensex's modest 3.15% increase. The stock's liquidity remains adequate for trading, but a decrease in delivery volume may indicate waning investor interest, which could be a factor in its current price movement.
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