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You are here : IndiaNotes >> Research & Analysis >> Companies >> Tourism Finance Corporation of India Ltd. >> Research

Can TFCI become a dark horse?

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The last five years have seen the Tourism sector deliver a subdued performance due to both the economic downturn and the largest release of new supply. The tide now is turning. India is today the fastest growing major economy in the world. India’s travel and tourism industry has huge growth potential. The tourism industry is also looking forward to the expansion of Evisa scheme which is expected to double the tourist inflow to India.

Moreover, the Central Government has taken several initiatives like Make in India, Start-up India, Digital India, Smart Cities, Industrial Corridors, Ease of Doing Business etc. alongwith tax and process reforms. Fresh category of visa to encourage medical tourism in the country is likely to be a major driver to growth of Indian Economy.

As the economy is expected to grow at around 8% annually and the government’s committed support to the tourism sector, the demand for hotels and other tourism infrastructure projects is expected to improve considerably in midterm. This is expected to result in opportunities for TFCI to expand its business considerably.

With the new demand absorbing the excess supply in major markets the outlook for investment in tourism sector looks positive.Therefore, we recommend to Accumulate the stock for long term for a target of  Rs 220.

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151.50 -1.60
151.75 -1.65
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About Rudra Shares and Stock Brokers

RUDRA is one of the growing & dynamic brokerage houses with a strong presence in the Retail and HNI broking segment. With over 25 years of experience and lead by a team with outstanding managerial acumen, RUDRA is a professionally managed company supported by over 100 professionals, including Chartered Accountants, MBAs and other senior executives. RUDRA can thereby cater to its clients' short-term as well as long-term financial needs through a comprehensive bouquet of investment services. RUDRA offers a diverse range of financial services, including institutional and retail brokerage of Equity, Currency, Commodities, Derivatives, Online Trading, Depository Services, Fixed Deposits, IPOs and Mutual Funds Distribution, and Wealth Advisory & Research. RUDRA is looking to become one of the biggest broking houses. RUDRA Securities Limited, is a member of National Stock Exchange of India Limited, Bombay Stock Exchange Limited, MCX Stock Exchange, and Depository Participant of Central Depository Services (I) Limited. RUDRA can be approached online at


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Disclaimer: The author has taken due care and caution to compile and analyse the data. The opinions expressed above are only the views of the author, and not a recommendation to buy or sell. Neither the author nor accept any liability whatsoever arising from the use of any of the above contents.

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