Tourism Finance Corporation of India is known as the Fixed Deposit Share because of its high dividend yield and due to the lowest risk . It offers a dividend yield of almost 5.00 % at the current market price of Rs 24.30/-.This public sector company is promoted by IFCI,SBI,Bank of India , LIC etc etc and they together hold 67 % of the equity and the balance is with the public .
Last year Earning per share of this company was approx Rs. 6./- and this year also this will be maintained . By this yearend book value of this share will be around Rs 50/- which means that this share is available at a discount of almost 50 %. I recommend all of readers to invest in this share for steady income as well as for 25 % to 30 % appreciation .
