Fundamental pick:
TFCILTD (Tourism Finance Corporation of India Ltd)
CMP - 48.8
💚Company is engaged in the business of providing financial assistance to tourism related activities & it's projects such as hotels, restaurants, holiday resorts, amusement parks, multiplexes, entertainment centres, education & sports etc.
💚 Also, company offers research & consultancy services to state and centres for promoting tourism activities and implementation.
Reasons to consider for buying:
👉 Increasing revenue & net profits seen in past quarters
👉 Improvement in cash flow from operating activities - means company is able to generate cash from its business after spending expense/payments of its interest & other dues💚💚💚
👉 ROCE is very good - means company is efficiently using its shareholders capital and earning out of it. ROCE is 13.6% and is continuously increasing over thr years
👉 Company with zero debt and recently released all pledge. 💚💚
👉 MF & FII have increased their shareholding in the last quarter - 💚💚💚
👉Promoter shareholding has been increased in the last sep quarter 💚💚
👉 Company's book value has been continuously increasing over the past years. It's book value is 93 per share and considering its value & PE value, CMP is available at attractive valuations.
👉 One of the reason, stock has not performed is due to the complete lock down in the last year and zero revenue in tourism sector. However, we expect recovery in this sector in the coming months. Also, in budget we can expect some incentives/budget will be allocated to promote tourism activities which will greatly benefit the company 💚💚💚
👉 Company's financials are sound and it has monopoly advantage as no other finance company is specifically into this sector though other finance companies are financing for the above activities💚💚💚
On Technical front, stock is looking good on weekly charts & ready for upside 🚀🚀🚀🚀
Considering above, We expect short-medium target of 70+ & long term target of 100+
TFCILTD (Tourism Finance Corporation of India Ltd)
CMP - 48.8
💚Company is engaged in the business of providing financial assistance to tourism related activities & it's projects such as hotels, restaurants, holiday resorts, amusement parks, multiplexes, entertainment centres, education & sports etc.
💚 Also, company offers research & consultancy services to state and centres for promoting tourism activities and implementation.
Reasons to consider for buying:
👉 Increasing revenue & net profits seen in past quarters
👉 Improvement in cash flow from operating activities - means company is able to generate cash from its business after spending expense/payments of its interest & other dues💚💚💚
👉 ROCE is very good - means company is efficiently using its shareholders capital and earning out of it. ROCE is 13.6% and is continuously increasing over thr years
👉 Company with zero debt and recently released all pledge. 💚💚
👉 MF & FII have increased their shareholding in the last quarter - 💚💚💚
👉Promoter shareholding has been increased in the last sep quarter 💚💚
👉 Company's book value has been continuously increasing over the past years. It's book value is 93 per share and considering its value & PE value, CMP is available at attractive valuations.
👉 One of the reason, stock has not performed is due to the complete lock down in the last year and zero revenue in tourism sector. However, we expect recovery in this sector in the coming months. Also, in budget we can expect some incentives/budget will be allocated to promote tourism activities which will greatly benefit the company 💚💚💚
👉 Company's financials are sound and it has monopoly advantage as no other finance company is specifically into this sector though other finance companies are financing for the above activities💚💚💚
On Technical front, stock is looking good on weekly charts & ready for upside 🚀🚀🚀🚀
Considering above, We expect short-medium target of 70+ & long term target of 100+