Tata Capital shares slipped below the listing price after a flat debut on Monday. However, brokerages like Emkay Global and JM Financial maintained an ‘Add’ rating, citing strong Tata Group backing, AAA credit rating, and diversified loan book. Analysts expect steady AUM growth and long-term value despite near-term valuation limits.
Central Bank’s OFS draws 1.28x subscription
The government’s offer to sell its stake in Central Bank of India saw strong investor interest. The two-day issue closed on Monday with an overall