Tata Capital: 4 factors fuelling JM Financial’s 10% upside prediction
JM Financial has given Tata Capital a positive rating and a target price of Rs 360, citing its strong backing from the Tata group. The company's diverse portfolio and growth in assets under management, along with the recent merger and expanded distribution network, are expected to bring benefits. Although there was a temporary decline in profitability due to the TMFL merger.