Tourism Finance Corp shares remained in the spotlight on Tuesday following significant buying activity by Ekta Halwasiya for the second consecutive trading day. The stock witnessed notable investor interest amid substantial block deal transactions and circuit-to-circuit price movements.

Block Deal Activity

Ekta Halwasiya's purchasing activity dominated the stock's trading narrative on Monday. The detailed transaction data reveals:

This marks the second consecutive day of substantial share acquisitions by Halwasiya, indicating sustained interest in the tourism finance company.

Shareholding Pattern Analysis

The shareholding structure presents interesting dynamics among key stakeholders. Ekta Halwasiya's name was notably absent from the public shareholders list of Tourism Finance Corp as of the September quarter-end. However, Aditya Halwasiya, who serves as investor and promoter of Cupid Ltd., maintains a significant position with over 18.00% stake in Tourism Finance Corp as of September 30.

Both companies have yet to disclose their shareholding patterns for the December-ended quarter, which could provide clearer insights into current ownership structures.

Stock Performance and Trading Activity

The stock demonstrated remarkable volatility and recovery during recent trading sessions:

The Monday session marked the third consecutive day where over 1 crore shares were traded, indicating heightened investor participation and interest in the stock.

Corporate Developments

Following Friday's 20% lower circuit, Tourism Finance Corp announced strategic initiatives in the alternative investment space. The company revealed plans to serve as anchor investors for two Alternative Investment Funds (AIFs). The registration applications for these funds have been submitted to the Securities and Exchange Board of India (SEBI) for approval.

Long-term Performance

Tourism Finance Corp shares have demonstrated strong long-term performance, nearly doubling in value over the last 12 months. This substantial appreciation reflects the company's growth trajectory and investor confidence in the tourism finance sector.

Tourism Finance Corporation of India Limited (TFCI) shares surged 20% to hit the upper circuit at ₹66.28 on Monday, recovering dramatically from Friday's 20% lower circuit crash. The remarkable turnaround followed the company's strategic investment announcements in two Category II Alternative Investment Funds, demonstrating strong market confidence in TFCI's diversification strategy.

Stock Performance and Trading Activity

TFCI shares opened at ₹51, significantly below Friday's close of ₹55.24, before surging to hit the upper circuit limit. The stock witnessed exceptional trading activity with robust volumes and strong investor interest.

Strategic Investment in Alternative Investment Funds

TFCI has announced strategic investment decisions in two Category II Alternative Investment Funds, marking a significant expansion into specialized sectors. The company will act as both co-sponsor and anchor investor in the Holystone Hospitality Fund, while serving as anchor investor in the Certus Real Estate Fund.

Promoter Connections and Market Dynamics

A notable market connection involves Aditya Halwasiya, who serves as a promoter in Cupid Limited and holds an 18% stake in Tourism Finance Corporation. Market data shows Ekta Halwasiya purchased 3.70 lakh TFCI shares on Friday following block deals, indicating insider confidence in the company's prospects.

Company Profile and Strategic Alignment

Tourism Finance Corporation of India operates as a specialized Non-Banking Financial Company (NBFC) with a diversified portfolio spanning multiple sectors. The company provides financial assistance across tourism and hospitality infrastructure, manufacturing, renewable energy, social and urban infrastructure, and real estate development.

These strategic investments align perfectly with TFCI's core business focus, extending the company's reach into alternative investment opportunities while maintaining sectoral expertise and leveraging established domain knowledge in hospitality and real estate financing.