Tata Capital Share Price: Ever since the stock crossed the resistance level of Rs 335, investors are being advised to buy Tata Capital…
highlights
- Shares of Tata Capital are seen in action on Tuesday, January 20.
- The company reported a 17% YoY jump in consolidated net profit in the December quarter (Q3FY26).
- The company has delivered satisfactory results to investors with strong growth in total revenue and assets under management.
Shares of Tata Capital opened at Rs 365 on Tuesday, January 20 and reached Rs 367.65 in intraday trade. But later investor sentiment in the stock weakened and it fell to Rs 355. Shares of Tata Capital have risen by 3 percent in a week. The stock has gone up about 10 percent after listing.
Tata Capital Q3 FY26 Results: How were the quarterly results?
Talking about the quarterly results, the profit after tax (PAT) of this newly listed company of Tata increased by 15% from ₹ 1,097 crore to ₹ 1,257 crore as compared to Q2FY26. Net interest income increased 10% QoQ to ₹3,315 crore.
Assets under management (AUM), excluding motor finance, grew 26% year-on-year to ₹2,34,114 crore. Including motor finance, AUM grew 7% from Q2FY26 to ₹2,60,698 crore.
Net total income (excl. motor finance) increased 33% YoY to ₹3,594 crore. Including motor finance, it grew 7% QoQ to ₹4,051 crore.
The company’s retail and SME segments were the main contributors, accounting for 87% of the total net AUM. The company maintains a strong presence with 1,505 branches across 27 states and union territories, thereby increasing market reach and customer base.
Tata CapitalWhat should investors do?
Speaking to ET NOW Swadesh, Harish Jujare, AVP, Equity Research, Prithvi Finmart, shared a positive outlook on Tata Capital. He said that the stock was trading in a small range after the IPO listing, but recently it saw a strong breakout. According to him, Tata Capital successfully crossed the key resistance zone of Rs 330 to Rs 335 and then moved higher to reach a high of Rs 365.
He told that Tata Capital shares are forming higher top and higher bottom pattern, which is considered a strong bullish signal. He further said that Tata Capital is currently trading in an ascending channel, which suggests that the up trend may continue in the short term. The expert said that based on the current chart structure, it is advisable to consider buying shares of Tata Capital.
Experts expect Tata Capital stock to move towards the target of Rs 375 and Rs 385 in the short term.
Tata Capital: Buy for target of Rs 400?
Pradeep Halder, Founder, PHD Capital, said investors are being advised to buy Tata Capital ever since the stock crossed the key resistance level of Rs 335. He remains positive on this counter and believes that it has the potential to cross the Rs 400 mark in the short term.
According to Pradeep Halder, Tata Capital was facing strong resistance in the range of Rs 335-340 for almost two months. After consolidating in this zone, the stock has now managed to break above the resistance, which is a positive technical development. He said that Tata Capital has formed a flag pattern and is showing signs of continuation, which is a signal of further bullishness. This pattern still holds and supports the bullish outlook for the stock.
Tata Capital faced resistance in the range of Rs 335 to Rs 340. It took almost two months for Tata Capital to break this resistance zone. The flag pattern is still intact and will push the stock higher.
It is expected that Tata Capital can cross the Rs 400 mark in the very short term. The expert said that if you are buying from a trading perspective, then there should be a strict stop loss of Rs 330.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice in any way. ET NOW Swadesh recommends its readers and viewers to consult their financial advisors before taking any money-related decisions.
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