SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Tamilnad Mercantile Bank trades higher on reporting 12% rise in Q1 net profit

25 Jul 2023 Evaluate

Tamilnad Mercantile Bank is currently trading at Rs. 444.60, up by 5.55 points or 1.26% from its previous closing of Rs. 439.05 on the BSE.

The scrip opened at Rs. 439.05 and has touched a high and low of Rs. 450.00 and Rs. 439.05 respectively. So far 1749 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 547.85 on 01-Dec-2022 and a 52 week low of Rs. 396.05 on 12-Apr-2023.

Last one week high and low of the scrip stood at Rs. 450.10 and Rs. 419.00 respectively. The current market cap of the company is Rs. 7046.64 crore.

The Institutions holding in the company stood at 5.15%, while Non-Institutions held 94.85% in the company.  

Tamilnad Mercantile Bank has reported 11.54% rise in its net profit at Rs 261.23 crore for first quarter ended June 30, 2023 as compared to Rs 234.21 crore for the same quarter in the previous year. However, total income of the bank increased by 15.86% at Rs 1,322.89 crore for Q1FY24 as compared Rs 1,141.77 crore for the corresponding quarter previous year.

Tamilnad Mercantile Bank is one of the oldest private sector banks in the country, with a history of almost 100 years. It offers a wide range of banking and financial services primarily to Micro, Small and Medium Enterprises (MSME), agricultural and retail customers.

Tamilnad Mercantile Share Price

664.30 -18.80 (-2.75%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 795.40
ICICI Bank 1356.00
Axis Bank 1353.65
Kotak Mahindra Bank 379.20
Indusind Bank 852.10
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×