It hasn’t been the best quarter for Tourism Finance Corporation of India Limited (NSE:TFCILTD) shareholders, since the share price has fallen 23% in that time. In contrast, the return over three years has been impressive. In fact, the share price is up a full 160% compared to three years ago. It’s not uncommon to see a share price retrace a bit, after a big gain. The fundamental business performance will ultimately dictate whether the top is in, or if this is a stellar buying opportunity.
Since the long term performance has been good but there’s been a recent pullback of 11%, let’s check if the fundamentals match the share price.
View our latest analysis for Tourism Finance Corporation of India
While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with…