MOFSL said that the outlook remains favourable for Tata Capital as current valuations adequately reflect the company's near-term growth and earnings potential.
Tata Capital on Tuesday reported a 51 per cent growth in consolidated net profit to Rs 1,660 crore for the September quarter of FY27. The company had posted a net profit of Rs 1,097 crore in the July-September period of FY26. Net total income rose 24 per cent to Rs 4,676 crore during the September quarter of FY27, from Rs 3,774 crore in the corresponding period a year ago, the company said in a regulatory filing. Tata Capital Managing Director and CEO, Rajiv Sabharwal, said the company's loan book crossed Rs 3 trillion, "underscoring the scale, diversification and resilience of our franchise". The non-bank lender's Assets Under Management (AUM) stood at Rs 3,08,030 crore, up 26 per cent year-on-year. "Asset quality remained stable, reflecting our continued focus on portfolio quality, prudent underwriting and effective collections," Sabharwal said. In a separate exchange filing, Tata Capital said its board approved a proposal for the enhancement of the existing medium-term note ..
The key concern for the investors in mega issues, according to G Chokkalingam, founder and head of research at Equinomics Research, is how the issue is priced.
Retail and SME momentum supports Tata Capital's 23-25 per cent growth guidance, though funding costs, high crude prices and proposed RBI rules remain key risks
Brokerage firm Emkay said, about a year after listing, Tata Capital continues to impress with its execution, with growth, asset quality, credit costs, and profitability broadly tracking guidance
Gold loans stood at around ₹18.6 trillion, or nearly 11 per cent of retail credit, after growing at a 34 per cent CAGR between FY21 and FY26.
Japan's Resona Bank on Monday announced a tie-up with Tata Capital to provide its clients better access to financing solutions and opportunities in India using the non-bank lender's local network. The announcement follows a USD 20 million investment by Resona Bank as a limited partner in Tata Capital Growth Fund III LP, which invests in Tata Capital Growth Fund III, a fund managed by Tata Capital, as per an official statement. However, the Japanese lender did not reveal the timeline of this investment. Under a memorandum of understanding (MoU) announced on Monday, both Tata Capital and Resona Bank will leverage their respective strengths in the Indian market, it said, adding that this is a non-exclusive collaboration under which opportunities will be explored through Tata Capital's network. The Japanese partner will leverage the Indian partner's local presence and expertise in financial services to provide support for its customers evaluating opportunities in India, the statement ..
Stocks to buy today: Vinay Rajani, CMT, senior technical analyst at HDFC Securities, recommends buying GRSE and Tata Capital.
A sentiment knock across the pack was the realistic expectation, said Anirudh Garg, Fund Manager and Partner, INVasset PMS, with the magnitude inversely proportional to succession clarity.
Most of the group stocks such as TCS, Titan, Tata Communications and Tata Motors PV traded with cuts of up to 4 per cent in intraday deals on Wednesday.
Technical picks: Vinay Rajani of HDFC Securities has recommended two stocks to buy today -- Tata Capital and Orient Electric.
The RBI has proposed restricting NBFCs to term loans and barring revolving credit products, except for those authorised to issue credit cards
Ather Energy, Craftsman Automation, Samvardhana Motherson International and TVS Motor Company from the automobiles and auto parts sector also hit new highs in trade on Thursday.
Jatin Gedia of Teji Mandi recommends Tata Capital, PVR Inox, and SAIL as top stock picks, citing bullish breakouts, strong volume support, and positive technical indicators.
Tata Capital share price target: Post quarterly results, Motilal Oswal Financial Services has shared a constructive view on Tata Capital and reiterated its 'Neutral' stance with a target price of ₹390
Stocks to watch today: L&T, Asian Paints, Tata Capital, TMPV, ONGC, Netweb Technologies, Adani Enterprises, Adani Ports, Radico Khaitan, Pine Labs, among others, will be in focus today.
The net interest income (NII) of the NBFC rose 25 per cent year-on-year to Rs 3,571 crore, while total income grew 23 per cent year-on-year to Rs 4,455 crore
Tata Capital has raised $400 million through a 3.5-year overseas bond, with robust investor demand helping tighten pricing by 33 basis points from initial guidance
Tata Capital enters gold loan business with ₹318 crore Yogloans acquisition
Retail investors, said G Chokkalingam, founder and head of research at Equinomics Research, must look at company's valuation relative to listed peers, outlook for the sector before investing.