Tata Capital Shares In Focus: Citi Sees 32% Upside, Sets Rs 450 Target Price

iti has initiated coverage on Tata Capital with a Buy rating and a Rs 450 target price, implying around 32% upside from Rs 341. The brokerage expects AUM growth, a higher-yielding retail and SME mix, operating leverage and a recovery in Motor Finance to drive profitability through FY29.

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