Shares of Tata Capital, the prominent non-banking financial company (NBFC), surged on Wednesday, nearing an all-time high after the firm announced robust first-quarter earnings for fiscal year 2027. The stock climbed 6.40% to Rs 377.70, pushing its market capitalization to Rs 1.56 lakh crore, just shy of its record of Rs 379.10 set on June 19, 2026.
Q1 Financial Highlights
Tata Capital reported a significant 56% year-on-year increase in profit after tax (PAT) for Q1 FY27, reaching Rs 1,547 crore, up from Rs 990 crore in the same period last year. The company's Assets Under Management (AUM) also demonstrated strong growth, rising 22% year-on-year to Rs 2,90,502 crore as of June 30, 2026, compared to Rs 2,37,508 crore a year prior.
Net total income for the quarter saw a 23% year-on-year jump, amounting to Rs 4,455 crore, compared to Rs 3,626 crore in the corresponding quarter.
Stock Performance Overview
The recent surge in Tata Capital's stock reflects a strong uptrend, with the scrip trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages. While nearing its record peak, the stock's 52-week low stands at Rs 296.05, recorded on June 2, 2026. The company’s initial public offering (IPO) last year saw its shares list at Rs 330, a modest 1.23% premium over the issue price of Rs 326.
Brokerage Outlook and Price Targets
Following the impressive Q1 results, several brokerages have shared their analyses and updated price targets for Tata Capital.
MOFSL
Brokerage MOFSL maintains a 'Neutral' rating on Tata Capital, setting a target price of Rs 390. The firm anticipates the unsecured retail segment to regain growth momentum, potentially outperforming the overall loan book by Q3/Q4 FY27. MOFSL projects AUM growth of 23-25% for FY27, driven by broad-based expansion across retail, SME, housing, and unsecured lending, expecting a 23% CAGR in AUM and 35% in PAT over FY26-28E.
JM Financial
JM Financial has reiterated its 'BUY' rating for Tata Capital, raising its price target to Rs 405, an increase from the previous Rs 400, implying a 12% upside. The brokerage highlights strong AUM growth visibility (23-25%), an improving Return on Assets (RoA) trajectory due to operating leverage and a motor-finance turnaround, and structural efficiency gains from scale, technology, and AI as key drivers.
Nuvama
Nuvama has maintained its 'HOLD' rating with an unchanged target price of Rs 400. The brokerage believes Tata Capital is entering a new growth phase, characterized by enhanced retailization and operating leverage, which is expected to boost Return on Assets (RoA) to 2.1–2.5% over FY27–29E.