Tata Capital has hit a record high after reiterating its FY28 growth roadmap. But with much of the optimism already priced in, investors may need to temper expectations.
Emkay Global Financial Services’ FY28 estimates largely factor in the positives management hopes to achieve. The brokerage projects an AUM CAGR of around 23% between FY26 and FY28, broadly in line with management’s aspirational growth target. It also estimates an RoA of 2.4% for FY28, close to management’s target range of 2.5%-2.7%.
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