IIFL Capital's Bold 'Buy' on Tata Capital: 29% Upside to ₹410 Unveiled!

Overview

IIFL Capital has initiated coverage on Tata Capital Ltd, India's third-largest NBFC with a ₹2.4 trillion AUM, assigning a 'Buy' rating and a target price of ₹410, signaling a potential 29% upside. The brokerage highlighted Tata Capital's strong infrastructure, diversified product suite, and projected 31% EPS CAGR by FY28, anticipating its valuation discount to peers to narrow.