Shares of Tourism Finance Corporation of India Ltd (TFCI) dropped sharply by nearly 20% in ongoing trade, sliding to Rs 55.24 from the previous level of Rs 69.05. The decline was triggered by block deals executed at a discount, dampening investor sentiment and raising concerns about near-term stock performance.
Tourism Finance Corporation of India Ltd witnessed heavy selling pressure today as block deals at discounted prices weighed on the stock. The sharp fall highlights investor caution around valuation and liquidity in smaller financial sector companies. Market experts note that while fundamentals remain steady, such deals often create short-term volatility.
Key highlights from the announcement include
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TFCI shares are trading around Rs 55.24, down nearly 20% from the previous level of Rs 69.05.
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Block deals executed at a discount triggered the sharp decline in share price.
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The company’s market capitalization has fallen significantly following the sell-off.
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Analysts caution that discounted block deals can signal weak institutional confidence in the near term.
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Despite the fall, TFCI continues to play a role in financing tourism-related projects across India.
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Market watchers expect volatility to persist until investor confidence stabilizes.
The sudden drop underscores the impact of block deals on smaller-cap stocks, where liquidity and sentiment play a critical role. While TFCI’s long-term fundamentals remain intact, near-term performance may remain under pressure as markets digest the discounted trades.
Sources: NSE Data, Economic Times, Business Standard