The lacklustre performance of Tata Capital reflects limited investor appetite for quality non-banking financial companies in India, said Hemindra Hazari, a SEBI-registered independent research analyst.
“The growth prospects for all financial intermediaries are limited as the Indian economy is in the midst of a slowdown and quality employment is bleak with no significant recovery expected in the near future,” he told CNBC, adding that U.S. tariffs on India have compounded the problem. “The general outlook for the sector is not promising.”
