TATACAPOnly for Swing trade
Tata Capital Limited (TCL), the flagship financial services arm of the Tata Group, is India’s third-largest diversified Non-Banking Financial Company (NBFC). Operating with a portfolio of over 25 lending products across retail, SME, and corporate finance, the company has scaled aggressively to reach an Assets Under Management (AUM) footprint of nearly ₹2.8 lakh crore. Key to its competitive advantage is its strong AAA-rated parentage via Tata Sons, which allows it to access capital at significantly lower interest rates than peers, alongside extensive cross-selling opportunities across the vast Tata ecosystem. Strategically focused on "retailization," Tata Capital derives over 85% of its loan book from retail and SME segments, further fortified by high-margin strategic expansions like its acquisition into gold loans and motor finance. Backed by solid asset quality (Gross Stage 3 ~1.6%), ongoing digital/AI integration driving down operational costs, and strong brokerage coverage, Tata Capital remains positioned as a stable, high-growth leader in India's financial ecosystem. 
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Tata Elxsi Ltd | Weekly Chart | Base Formation After DowntrendLong-Term Structure
Since its peak near ₹9,000, the stock has been in a well-defined downtrend characterized by:
🔻 Lower Highs
🔻 Lower Lows
🔻 Persistent selling pressure
The red trendline on the chart has acted as dynamic resistance throughout the decline.
Major Demand Zone: ₹3,800 – ₹4,100
This zone has emerged as a strong support area where buyers have repeatedly stepped in.
Key observations:
✅ Multiple rejections from lower levels
✅ Formation of a base after capitulation
✅ Increased buying interest near support
✅ Risk-reward improving significantly
As long as price sustains above this zone, the possibility of a medium-term trend reversal remains alive.
Upside Targets
If the breakout sustains:
Target 1: ₹5,500 – ₹5,800
Target 2: ₹6,500 – ₹7,000
Major Target Zone: ₹7,800 – ₹8,000
This target area corresponds to the previous major supply zone highlighted on the chart.
Tata Elxsi is transitioning from a prolonged downtrend into a potential accumulation phase. The stock is positioned near a critical inflection point where a breakout above the falling trendline could trigger a meaningful trend reversal. Long 
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TATA MOTORS VALUATION ANALYSIS
🌺Conclusion🌺
Fair value: ₹1,370/share (DCF, FCFF).
Upside vs ~₹676: ~+100%.
Why: 12% growth, margin normalization to 13%, capex glide to 6%, revenue‑weighted global ERP yielding WACC ~11.1%, terminal growth 4.3%.
💁🏻DCF (FCFF) Highlights🌸
Framework: 5-year FCFF + Gordon terminal.
FCFF ramp (₹Cr): 6,541; 20,072; 34,252; 38,362; 42,965.
Assumptions: EBITDA 11.5%→13.0%; D&A ~5.3% of revenue; capex 9.0%→7.5%→6.0%; ΔWC base 0; tax ~18.9%.
Bridge: PV(FCFF) ~₹0.96–0.98L Cr; PV(Terminal) ~₹4.05–4.15L Cr; EV ~₹5.01–5.13L Cr; less net auto debt ₹13,500Cr; equity ~₹4.88–4.99L Cr; per share ₹1,360–₹1,380.
🧐Other Valuation Lenses 🌸
JLR: EV/Sales ~0.7–0.9x or EV/EBITDA on normalized 10–12% margins (discount to luxury peers).
India CV: EV/EBITDA ~6.0–7.5x mid‑cycle.
India PV/EV: EV/EBITDA ~10–12x normalized; use EV/Sales when EBIT soft.
🤔Scenarios (Per‑Share)🤔
Best (EBITDA 13.5–14.0%, capex faster to 6%): ₹1,520–₹1,620.
Base (EBITDA 13.0%): ₹1,360–₹1,380 (headline ₹1,370).
Worst (EBITDA 10.0–11.5%, capex slower to 7%): ₹1,180–₹1,280.
⭐Key Drivers⭐
JLR premium mix (Range Rover/Defender), tariff/FX normalization, China retail.
India PV discounting vs ASP/mix; EV unit economics scale-up.
CV cycle durability; pricing discipline.
Capex cadence and working capital behavior driving cash conversion.
✨Key Numbers✨
WACC ~11.1% (revenue‑weighted ERP, β≈1.30).
Terminal growth 4.3%.
Shares ~3.68B; net automotive debt ₹13,500Cr.
:it's not buy/sell recommendation this report is for info
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