Motilal Oswal Maintains Neutral on Tata Capital, Sets Rs 340 Target

Motilal Oswal reports Tata Capital’s consolidated 2QFY27 PAT grew 51% year over year to INR16.6 billion, in line with estimates. Net interest income rose 23% to about INR37 billion, also in line; other income increased about 27% to about INR9.8 billion, around 7% above estimate.