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TCFC Finance shares up by 13 percent

Thursday, 04 November 2010, 23:30 IST
By SiliconIndia
Bangalore:TCFC Finance Limited stock was among top gainers after price went up by nearly 13 percent.After opening the day at Rs. 43.50, the stock touched its 52 week high of Rs. 45.70, before closing the trade at Rs.32.00, with gain of 12.81 percent. Through the day,120896 shares of TCFC Finance Limited were traded in the market.

TCFC Finance Limited is an India-based company. The Company is in the business of trading and investment. It is an investment company engaged in the business of investments in equity, debt, mutual funds and real estate. The Company is engaged in the trading of securities in equity, both in the cash and future segments, and also participates in initial public offers of companies.

TCFC Finance swung to loss for the quarter ended June 2010. During the quarter, the company reported loss of Rs 12.02 million compared with a profit of Rs 137.51 million in the same quarter last year.

Net sales for the quarter declined 44.77 percent to Rs 432 million, while total income for the quarter fell 44.76 percent to Rs 431.83 million, when compared with the prior year period.During the quarter, it reported loss of Rs 1.15 a share.
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