Stock To Buy, Sept 26: Buy Multibagger Small Cap PSU Finance Stock, TP Rs 108: PL

Leading brokerage firm Prabhudas Lilladher on Tuesday recommended investors to buy small cap finance stock, Tourism Finance Corporation of India Limited with target price of Rs 108 and suggested investors to keep the stop loss at Rs 98 apiece. The public sector undertaking offered investors return of 182% in last 3 years and 38% in last 1-year. Current market price of Tourism Finance Corporation of India Limited share is Rs 100.20 per share with intraday fall of 1.04% at the time of writing the story (11:00 am). Check details below:

Tourism Finance Corporation of India Limited Stock Outlook & Return: The current market price of the PSU stock on BSE is Rs 117.40 per share. Its 52-week high price is Rs 117.40 per share and 52-week low price is Rs 63.30 per share, respectively. The company has a market capitalisation of Rs 905.53 crore. Tourism Finance Corporation shares offered shareholders return of 37% in last 3-months, gained 47% in last 6-months, soared 43% in last 2-years, and fell 20% in last 5-years.

Tourism Finance Corporation Financials: The company for the quarter ended June 30, 2023 announced its net sales at Rs 59.16 crore, down 5.76% as against Rs 62.78 crore declared in June 2022. It declared its quarterly net profit at Rs 24.37 crore in June 2023, down 2.45% as against Rs 24.98 crore in June 2022. The company's EBITDA stood at Rs 52.64 crore in June 2023, down 9.01% as against Rs 57.85 crore in June 2022.

About Tourism Finance Corporation: It is popularly known as TFCI. It is a premier public financial institution which commenced operations in 1989 with core objective of providing finance and advisory services to the tourism sector in India. Besides tourism, TFCI is now also providing finance to educational institutions, healthcare institutions, non-banking finance companies, real-estate sector engaged in affordable/middle class housing development, other services such as logistics, warehousing, etc., renewable energy and manufacturing sectors.

Disclaimer

The stock has been picked from the brokerage report of Prabhudas Lilladher. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.