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Tamilnad Mercantile Bank gains after Q1 business update; advances rise 27% YoY
Tamilnad Mercantile Bank rose 2.55% to Rs 748.95 after the private sector lender reported healthy business growth for the quarter ended 30 June 2026.
Tamilnad Mercantile Bank shares surge 5% after strong Q1FY27 business update
Tamilnad Mercantile Bank shares rose sharply on Thursday after the lender reported strong Q1FY27 business growth. Total business rose 23% year-on-year, driven by a 27% jump in advances and nearly 20% growth in deposits. Rising institutional ownership and a bullish technical setup further supported investor sentiment toward the stock.
Tamilnad Mercantile Bank reports healthy Q1 growth; advances outpace deposits
Tamilnad Mercantile Bank reported healthy business growth for the June quarter, with advances rising 27% and deposits nearly 20%, taking total business above ₹1.21 lakh crore on sustained lending momentum.
Tamilnad Mercantile Bank Q4 Results: Shares rally 8% as profit rises 28%; dividend declared
Tamilnad Mercantile Bank reported strong Q4 growth with profit rising 28% and NII up 24%, while asset quality improved. Shares gained over 8% and the bank announced a ₹12.50 dividend.
Tamilnad Mercantile Bank Q4 update: Total business rises 17% on strong advances growth
Tamilnad Mercantile Bank posts steady Q4 business update with strong CASA growth, rising advances and deposits, and continued momentum after a healthy Q3.
Delta Corp, Tamilnad Mercantile Bank, Physicswallah receive over ₹2,200-cr tax demands
Delta Corp received tax notices worth ₹1,752.4 crore for FY22–23 over GST shortfall. Tamilnad Mercantile Bank got a ₹204.23 crore tax demand for AY2013–14. Physicswallah got ₹263.34 crore for AY2023–24.
Stocks to Watch Today: Lupin, CSM Technologies, Sai Parenterals, Bharti Airtel, V-Mart, Indian Bank, Tamilnad Mercantile Bank, Ashiana Housing in focus on 02 July
Stocks to Watch, 2 Jul: Stocks like Punjab and Sind Bank, Indian Bank, South Indian Bank, Tamilnad Mercantile Bank, Ashiana Housing, V-Mart Retail, V2 Retail, Force Motors, NMDC, Coal India, Lupin, Bharti Airtel, Syngene International, Srivasavi Adhesive Tapes, Sai Parenterals, and CSM Technologies will be in focus on July 2.