Can TFCI become a dark horse? | Multi-bagger | IndiaNotes.com
The last five years have seen the Tourism sector deliver a subdued performance due to both the economic downturn and the largest release of new supply. The tide now is turning. India is today the fastest growing major economy in the world. India’s travel and tourism industry has huge growth potential. The tourism industry is also looking forward to the expansion of Evisa scheme which is expected to double the tourist inflow to India.
Moreover, the Central Government has taken several initiatives like Make in India, Start-up India, Digital India, Smart Cities, Industrial Corridors, Ease of Doing Business etc. alongwith tax and process reforms. Fresh category of visa to encourage medical tourism in the country is likely to be a major driver to growth of Indian Economy.
As the economy is expected to grow at around 8% annually and the government’s committed support to the tourism sector, the demand for hotels and other tourism infrastructure projects is expected to improve considerably in midterm. This is expected to result in opportunities for TFCI to expand its business considerably.
With the new demand absorbing the excess supply in major markets the outlook for investment in tourism sector looks positive.Therefore, we recommend to Accumulate the stock for long term for a target of Rs 220.
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