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 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.
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Tamilnad Mercantile Bank witnessed a sharp uptick in its share price on Thursday, rising 4.52% to Rs 763.30, following the release of its provisional business update for the June 2026 quarter (Q1FY27). The stock’s momentum was supported by robust year-on-year growth across key banking metrics, reinforcing investor confidence in the lender’s steady expansion trajectory.The bank reported total business of Rs 1,21,715 crore as of June 30, 2026, marking a strong 23.04% increase from Rs 98,923 crore…
