Tamilnad Mercantile Bank Ltd registered volume of 41.46 lakh shares by 14:14 IST on NSE, a 32.48 fold spurt over two-week average daily volume of 1.28 lakh shares

Volumes spurt at Tamilnad Mercantile Bank Ltd counter

Tamilnad Mercantile Bank Ltd, Marico Ltd, Rossari Biotech Ltd and Nestle India Ltd are among the other gainers in the BSE’s ‘A’ group today, 05 August 2024.

Glenmark Life Sciences Ltd leads gainers in ‘A’ group

Tamilnad Mercantile Bank Ltd recorded volume of 1.64 lakh shares by 10:46 IST on BSE, a 12.92 times surge over two-week average daily volume of 12695 shares

Volumes soar at Tamilnad Mercantile Bank Ltd counter

Solid financials and uncertainties from legal and regulatory overhangs – both are adequately factored in the share price of Tamilnad Mercantile Bank Ltd.

TMB: What Should Investors Do?

Hasn't fared well - amongst the low performers

Performance

Can be considered moderately valued vs the market

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Tamilnad Mercantile Bank is an India-based private sector bank. The bank operates through four segments: Treasury, Corporate / Wholesale Banking, and Retail Banking.