Brokerages Initiate Coverage on Tata Capital, Centum Electronics, Clean Max with 16-29% Upside
· Business · Economic Times
Brokerages Citi, Dam Capital, and Macquarie have initiated buy or equivalent ratings on Tata Capital, Centum Electronics, and Clean Max Enviro Energy Solutions, with price targets implying returns of 16% to 29% from Wednesday's closing prices. Citi set a Rs 450 target on Tata Capital at a current market price of Rs 350, citing structurally improving returns, high-yielding portfolio acceleration from H2 FY27, entry into gold loans, and a motor finance turnaround. Dam Capital assigned a Rs 6,000 target on Centum Electronics at a CMP of Rs 4,831, valuing the stock at 50 times FY28 estimated earnings amid expectations of 38% compounded earnings growth. Macquarie initiated Clean Max Enviro Energy Solutions with an outperform rating and a Rs 1,700 target against a CMP of Rs 1,456, driven by capacity additions, repeat commercial and industrial business, and data and AI exposure.
Why it matters
The new coverage signals institutional confidence in three distinct sectors — financial services, electronics manufacturing, and renewable energy — and gives retail investors concrete price targets to track.
Read the original report — Economic Times
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