Tourism Finance soars over 6% post block deals

The stock of Tourism Finance Corporation of India gained over 6% on the BSE in the morning hours on Friday after witnessing a block deal.

Sep 29, 2017 05:09 IST India Infoline News Service

The stock of Tourism Finance Corporation of India gained over 6% on the BSE in the morning hours on Friday after witnessing a block deal.
 
The stock witnessed 1.9 crore shares traded in a block worth Rs 293 crore on the NSE and BSE at an average price of Rs 150 per share.
 
Tourism Finance Corporation of India was trading at Rs 151.60 per share, up by Rs 7.05 or 4.86% as at 1034 hours on Friday, on the BSE.
 
Block deal is a single transaction, of a minimum quantity of five lakh shares or a minimum value of Rs 5 crore, between two parties which are mostly institutional players. The transaction happens through a separate trading window.
 
The stock attracted a traded volume of 2,29,00,761 shares and traded value of Rs 34,637.40 lakh on the NSE.
 
Tourism Finance Corporation of India Limited is a non-banking finance company, which offers financial services. The company is engaged in the financing of projects by way of loan or investment.

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