MediumNeutral
Announced Mon, 22 Jun · 12:51 IST
Tata Capital shares slip 3% after stock rallies 17% in one week to lifetime high. What’s ahead?
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Tata Capital shares slipped 3% to Rs 357.7 on NSE on Monday, retreating from a lifetime high of Rs 379.95 after a 17% weekly rally. JM Financial upgraded the stock to 'Buy' from 'Add' with a target price raised to Rs 400, citing management's 23-25% loan growth target through FY28 and improving profitability in motor finance. The upgrade follows Q4 results where consolidated net profit surged 43% YoY to Rs 1,502 crore, revenue grew 9% YoY to Rs 8,160 crore, and AUM rose 28% YoY to nearly Rs 2.52 lakh crore.