Motilal Oswal initiates Indian firm Northern Arc Capital with 'buy'

Northern ARC Capital

24/02/2026 06:18

** Motilal Oswal initiates coverage of Indian diversified financial services company Northern Arc Capital at "Buy" with PT of 360 rupees; stock rises 2.85%

** Co's strategic pivot to D2C lending has expanded margins and improved profitability - brokerage

** Its core intermediate retail lending business, where it supports lending activities of other lenders, provides stability through diversified exposures - brokerage

** NORR's fund management and placement businesses also contribute recurring and largely risk-free income, while its proprietary tech stack helps it scale up and manage risk - brokerage

** YTD, NORR up 1.44%

(Reporting by Abhirami G in Bengaluru)

((abhirami.g@thomsonreuters.com))