India's Tata Capital slips as brokerages weigh margin pressure, growth outlook
BUZZ-India's Tata Capital slips as brokerages weigh margin pressure, growth outlook ** Shares of India's Tata Capital TATC.NS slip 0.91% to 348.25 rupees
** Brokerages flag near-term pressure on margins after meetings with co's management, while saying the lender's growth outlook remains intact
** JPMorgan ("overweight", PT:395 rupees) says co retains its 23%-25% growth guidance, but rising funding costs remain a key risk to margin improvement
** Axis Capital ("buy", PT:410 rupees) expects Q2 margins to remain stable as higher borrowing costs are not immediately offset by asset repricing, but sees recovery thereafter
** Emkay ("add", PT:410 rupees) says co remains on track to meet its FY28 guidance, but expects funding costs to rise despite ample banking-system liquidity
** YTD stock up 1.8%
(Reporting by Surbhi Misra in Bengaluru)
((Surbhi.Misra@thomsonreuters.com | X: https://twitter.com/SurbhiMisra_ |;))
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