Author Topic: Tourism Finance Corporation - Review / Target  (Read 2020 times)

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Tourism Finance Corporation - Review / Target
« on: September 08, 2016, 08:07:39 PM »
Bikshapathi Thota of Money Times has the following view and recommendation,

TFCI is a well-managed company but it missed the growth in sales and profits over the last 3 years. The management has decided to diversify its loan book to other areas apart from tourism and focus on reducing its interest cost by availing loans on cheaper coupon rates by raising bonds etc. Based on the current attractive valuations and bright future outlook of the Company, we have a Buy on this stock for a price target of Rs.80 (10x to FY17E earnings) within a year.

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