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TCFC Finance


TCFC Finance is engaged in share trading – primarily in secondary companies.

The company reported just over 60cr in stock-in-trade as at 30th September, 2011.

Management haven’t provided details of their trading strategy and hence, we’re unable to judge its viability.  It does not appear to be stable since they seem to be willing to change course depending on their assessment of economic conditions.  They also appear to be engaged in the ‘hedging’ of equity shares and mutual fund units, which could expose the company to unlimited losses in a sustained bull market.

The company reported a drop in net worth in 08/09 as a result of the financial market downturn and also reported losses of about 4cr in the nine months ended in December 2011 as a result of market weakness.  The performance is erratic, as expected, and appears to depend largely on the performance of the markets – with no special ability to withstand market downturns.

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