Tourism Finance Corporation of India lost 5.66% to Rs 20 at 11:07 IST on BSE as the stock turned ex-dividend today, 5 September 2013, for dividend of Rs 1.20 per share for the year ended 31 March 2013.
Meanwhile, the S&P BSE Sensex was up 356.91 points or 1.92% at 18,924.46.
On BSE, 7,091 shares were traded in the counter as against average daily volume of 19,587 shares in the past one quarter.
The stock hit a high of Rs 20.45 and a low of Rs 19.90 so far during the day. The stock had hit a 52-week low of Rs 17.65 on 6 August 2013. The stock had hit a 52-week high of Rs 30.35 on 7 January 2013.
The stock had outperformed the market over the past one month till 4 September 2013, surging 4.69% compared with the Sensex's 3.11% fall. The scrip had, however, underperformed the market in past one quarter, declining 6.19% as against Sensex's 5% fall.
The small-cap company has equity capital of Rs 80.72 crore. Face value per share is Rs 10.
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Before turning ex-dividend, the stock offered a dividend yield of 5.66% based on the closing price of Rs 21.20 on Wednesday, 4 September 2013.
Tourism Finance Corporation of India's (TFCI) net profit surged 30.8% to Rs 15.87 crore on 14.9% growth in total income to Rs 46.31 crore in Q1 June 2013 over Q1 June 2012.
TFCI gives financial assistance to hotels and non-conventional tourism projects such as amusement parks, ropeways, car rental services, ferries for inland water, transport, airtaxis, training institutes for hotel personnel, airport facilitation centres, etc.
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