T N Merc. Bank (TMB) Share News & Alerts
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Tamilnad Mercantile Bank profit jumps 28% on strong growth
▲ Bullish +10.37%
The bank reported a significant bottom-line growth of 28% alongside strengthening asset quality, which typically leads to a re-rating by positional investors. Given the steady growth in advances and deposits, the stock is likely to see sustained buying interest over a multi-day swing period as markets price in improved margins.
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