Tourism Finance Corp Zooms 14% As Insync Capital Buys Stake

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Shares of Tourism Finance Corporation of India spiked over 14 per cent, hitting 52-week high, on the Bombay Stock Exchange after exchange data showed that Insync Capital Partners LLP acquired nearly 1 per cent stake in the company through open market on Tuesday.

Tourism Finance Corp Zooms 14% As Insync Capital Buys Stake
Tourism Finance Corporation of India: Quotes, News
BSE 51.15BSE Quote1.5 (2.93%)
NSE 50.85NSE Quote1.9 (3.74%)
Boosted by the development, shares of company gained as much as 14.44 per cent and touched 52-week high in intra-day to trade at Rs 70.50 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 10.64 per cent to Rs 68.10 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 28,240.47, down 94.08 points, or 0.33 per cent at 12:10 hours.

Story first published: Wednesday, October 5, 2016, 12:50 [IST]
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