TOURISM FINANCE CORPORATION OF INDIA LTD.
TFCI is owned by various institutions like SBI, LIC, IFCI etc. The company is showing decent profitability. The company is engaged in financing various tourism projects.
The company proposes to raise the FII investment limit to 49 percent of its capital. Besides, TFCI proposes to raise money by issuing shores to Qualified Institutional Buyers.
The company also proposes to allot to the promoters of the Company under the preferential issue equity shares of Rs.10.00 at 48.00 (including premium 38.00). Considering the above proposals, the share is very attractive at the present levels of Rs.35-37.
Conservative investors with a holding period of more than one year can safely invest in this company. The stock saw a high of 55.50 recently.
Investors may kindly recall my lesson No. 3.
QUOTE
In many cases, there may be an impending news of promoters or persons associated with the promoters or directors who may acquire shares of the company and increase their holdings. The company may be in the process of allotting shares or convertible warrants to above persons. In such cases, it is very very safe and advisable to purchase shares of such companies because, such shares will get re-rated very soon.
UNQUOTE
Kindly note:
a) We advise only regarding fundamentally strong and performing companies. The companies may be mostly profit making and in a few cases, they may be turn around companies.
b) Please go through our fundamental analysis carefully, verify the facts and figures (if you need to) and only then invest.
c) We expect investors to have a time horizon of at least one year and more.
d) We do not advise for short term investing, which is risky.
e) Despite all these, we do not take any responsibility for your financial matters. Investment is solely your decision.
(AJAY SINGH RATHORE)
KASHIWALA
TFCI is owned by various institutions like SBI, LIC, IFCI etc. The company is showing decent profitability. The company is engaged in financing various tourism projects.
The company proposes to raise the FII investment limit to 49 percent of its capital. Besides, TFCI proposes to raise money by issuing shores to Qualified Institutional Buyers.
The company also proposes to allot to the promoters of the Company under the preferential issue equity shares of Rs.10.00 at 48.00 (including premium 38.00). Considering the above proposals, the share is very attractive at the present levels of Rs.35-37.
Conservative investors with a holding period of more than one year can safely invest in this company. The stock saw a high of 55.50 recently.
Investors may kindly recall my lesson No. 3.
QUOTE
In many cases, there may be an impending news of promoters or persons associated with the promoters or directors who may acquire shares of the company and increase their holdings. The company may be in the process of allotting shares or convertible warrants to above persons. In such cases, it is very very safe and advisable to purchase shares of such companies because, such shares will get re-rated very soon.
UNQUOTE
Kindly note:
a) We advise only regarding fundamentally strong and performing companies. The companies may be mostly profit making and in a few cases, they may be turn around companies.
b) Please go through our fundamental analysis carefully, verify the facts and figures (if you need to) and only then invest.
c) We expect investors to have a time horizon of at least one year and more.
d) We do not advise for short term investing, which is risky.
e) Despite all these, we do not take any responsibility for your financial matters. Investment is solely your decision.
(AJAY SINGH RATHORE)
KASHIWALA
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