Tata Capital Share Price Live: Tata Capital shares make weak D-Street debut; get 2 buy calls post listing
Tata Capital enjoys the backing of the Tata brand and low funding costs, with AAA domestic and BBB international ratings, Canara Bank Securities notes, adding that credit costs remain under 1%, net NPAs hover around 0.5%, and provision coverage is high. Daily return on equity and operating metrics outperform year-end figures by roughly 250 bps.
While investments in technology and distribution have pushed up the cost-to-income ratio, operating leverage is expected to improve, the brokerage said, adding that liabilities are well-diversified across banks, NCDs, CPs, NHB, SIDBI, and overseas sources.
