India's Tata Capital climbs 1.3% in trading debut

Tata Capital

13/10/2025 06:34

** India's Tata Capital TATC.NS rises 1.3% to 330.80 rupees, valuing co at 1.40 trillion rupees ($15.77 billion)

** Tata Sons-backed non-bank lender's stock opened at 330 rupees on the National Stock Exchange of India, vs issue price of 326 rupees

** JM Financial starts coverage on TATC with "add" and PT of 360 rupees

** Brokerage says TATC to benefit from Tata group's legacy and also sees co well-placed in terms of cost of funds

** JM Financial also expects TATC's credit costs to gradually decline from H2 FY26 with asset quality improving

** Tata Capital's $1.75 bln IPO got bids worth $2.9 bln last week, with demand largely led by qualified institutional buyers

($1 = 88.7510 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))