The Hindu Business Line : TFCI: Riding piggyback on tourism

Dealers said the interest is due to the good outlook for the tourism sector. The talk is that the financial institution, which is lending only to tourism sector, is performing well and some of the NPAs occurred during the downtrend in sector have also turned performing.

The recovery of NPAs is expected to add to bottomline of the company. These NPAs have been written-off by the company in the past several financial years.

Moreover, the increase in the lending to the tourism sector has also been good.

On Wednesday, the stock price of the company gained 6.34 per cent at Rs 18.45 on the BSE with volumes of 13.32 lakh shares; on the NSE, it closed at Rs 18.40, up 6.05 per cent, with volumes of 25.45 lakh shares.

Up on hopes of positive news

THE stock of pharma packaging company Caprihans India has been on the rise in the last few days. The talk is that several big investors have started buying the shares of the company. In the last few trading sessions, the stock has gained more than 30 per cent.

The talk is that some positive announcements are likely to be made by the company and this is leading to accumulation in the stock. In addition, several market players have now started comparing the valuation of the company with Bilcare, which is also into pharma packaging.

The Bilcare stock is trading at a substantially higher price-earning ratio compared to Caprihans.

On Wednesday, Caprihans stock gained 8.57 per cent at Rs 70.30 on the BSE with volumes of 1.63 lakh shares.

Top pick among FMCG sector

AT a time when the interest towards FMCG companies' stocks is not in vogue, several institutional investors have been accumulating the shares of Colgate-Palmolive India.

In fact, the stock price of the company on Wednesday touched its new 52-week high level.

The talk is that the company's oral as well as dental care business has been performing well compared to its competitors. The talk is that the company has increased its market share is various segments. This has been possible due to the restructuring undertaken by the company in the last few years.

On Wednesday, the stock price of the company gained 3.31 per cent at Rs 191.90 on the BSE with volumes of 1.15 lakh shares; on the NSE, it closed at Rs 192.5, up 2.86 per cent, with volumes of 1.89 lakh shares.

Virendra Verma

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