Tata Capital slips as brokerages flag margin pressure

Shares of India's Tata Capital slipped 0.91% to 348.25 rupees after brokerages flagged near-term pressure on margins due to rising funding costs, while maintaining the lender's growth outlook. JPMorgan kept an 'overweight' rating and price target of 395 rupees, noting the company retains its 23%-25% growth guidance. Axis Capital maintained a 'buy' rating with a price target of 410 rupees, expecting Q2 margins to remain stable before recovering. Emkay rated the stock 'add' with a price target of 410 rupees, stating the company is on track to meet FY28 guidance despite anticipated increases in