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The Latest Breaking News from Tata Capital

Tata Capital shares rally 4% after Q1 profit surges 56%; AUM nears Rs 3 lakh crore

Tata Capital shares rose nearly 4% on Wednesday following a stellar Q1 FY27 performance. Consolidated net profit jumped 56% YoY to Rs 1,547 crore, while assets under management reached Rs 2.91 lakh crore. The NBFC also announced its strategic expansion into gold loans by acquiring an 88.6% stake in Yogloans.

The Economic Times

Tata Capital Q1 Results: Net profit jumps 56% YoY to Rs 1,547 crore, revenue up 15%

Tata Capital announced a substantial net profit increase of over 56 percent. Revenue from operations also saw a healthy rise of more than 15 percent. Assets under management grew by 22 percent, reaching Rs 2.91 lakh crore. Net interest income and the net loan book experienced strong year-on-year growth. The…

The Economic Times

Tata Capital raises $400 million in dollar bond sale after strong demand

Tata Capital successfully raised four hundred million dollars through dollar-denominated bonds. The company achieved a coupon rate significantly below initial guidance. This issuance marks their first after an S&P rating upgrade and equity listing. Proceeds will support onward lending and diversify funding sources for growth. This follows a similar dollar…

The Economic Times

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Stocks in news: Wipro, Jio Financial, HDB Financial, HDFC AMC, SBI

Indian markets experienced volatility, ending nearly unchanged amid mixed global cues. Several companies like Wipro and Jio Financial announced their first quarter results today. Angel One reported a strong quarter with significant year-on-year profit growth. HDB Financial and HDFC AMC also posted increased profits for the June quarter. SBI appointed…

The Economic Times

Tata Capital raises USD 400 million from a bond issue in the US

Tata Capital achieved a remarkable milestone by securing USD 400 million from global bond markets through a 3.5-year tenor Fixed Rate Senior Unsecured Reg S Bond. This strategic fundraising effort, according to the managing director, enhances the company's liability profile and fosters growth. The order book received fourfold oversubscription from…

The Economic Times

Tata Capital joins the race to own a piece of India's dormant wealth

Tata Capital's acquisition of an 88.6% stake in Kerala-based Yogloans signals growing confidence in India's fast-expanding gold loan market as lenders shift away from unsecured retail credit. The deal gives Tata Capital an established gold loan business with a ₹708 crore loan book, 162 branches and 32,000 customers, allowing it…

The Economic Times

Tata Capital forays into gold loans with Yogloans acquisition

Tata Capital is entering India's gold loan market by acquiring a majority stake in Yogloans. This strategic move expands their retail lending portfolio with a secured lending product. The acquisition involves a share purchase and a significant capital infusion into the NBFC. India's gold loan market is expanding, driven by…

The Economic Times

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JioBlackRock Flexi Cap Fund exits Vedanta group companies after demerger, sells 8 more stocks

JioBlackRock Flexi Cap Fund exited Vedanta group companies following the demerger of the entities in June, according to monthly portfolio data from ACE MF. The fund sold 8.16 lakh shares each of Vedanta Aluminium Metal, Vedanta Iron and Steel, Vedanta Power, and Vedanta Oil and Gas after the demerged entities…

The Economic Times

Motilal Oswal initiates coverage on Tata Capital, gives target price and re-rating triggers

Motilal Oswal has initiated coverage on Tata Capital with a 'Neutral' rating and a target price of Rs 390, implying an 8% upside from current levels. The brokerage expects healthy AUM growth and improving profitability but believes the company's current valuation already reflects its medium-term growth and earnings potential.

The Economic Times

Tata Capital shares slip 3% after stock rallies 17% in one week to lifetime high. What’s ahead?

Tata Capital shares saw a dip on Monday following a significant rally that propelled them to an all-time high last week. Despite a recent surge, the NBFC's stock experienced a correction. Analysts at JM Financial have upgraded their rating to 'Buy', citing strong growth prospects driven by retailization and expansion.…

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