New Delhi, Oct. 13 -- Tata Capital shares witnessed a lakclustre listing for its initial public offering (IPO) shares on Monday, October 13. On both BSE and NSE, Tata Capital share price got listed at Rs.330 - a premium of 1.23% over the issue price of Rs.326.

Ahead of the Tata Capital IPO listing today, brokerages Emkay Global and JM Financial initiated coverage on the counter with 'Add' ratings. However, their target prices for Tata Capital shares are pegged at Rs.360, signalling limited upside from hereon.

Emkay Global said its positive stance on the Tata group company is based on 1) the Tata parentage and brand name providing the vital ingredients, 2) diversified product range, geographical reach, and various sourcing channels minim...