NIFTY 50 Market News

Tamilnad Mercantile Bank Q2 Results: Net profit rises 42% to record Rs 451 crore on high net interest income — Tamilnad Mercantile Bank has set a remarkable milestone with a net profit of Rs 451 crore for the quarter from July to September. This success is buoyed by a substantial rise in interest income, totaling Rs 1,820 crore compared to the same period last year. Managing Director Salee Sukumaran Nair emphasized the role of net interest income in driving this profit.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today —1 September 2026 — Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today —Lumax AutoTechnologies, Vijaya Diagnostic Centre, Tamilnad Mercantile Bank, EPL, and Sansera Engineering.

Breakout stocks to buy or sell: Sumeet Bagadia recommends five shares to buy today — 21 August 2026 — Breakout stocks to buy or sell: Sumeet Bagadia recommends five breakout stocks to buy today — VA Tech Wabag, Acme Solar Holdings, Cartrade Tech, Tamilnad Mercantile Bank, and Innova Captab.

Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth — Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income. The lender also posted improved margins, stronger asset quality and robust growth in advances and deposits.

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.