Tamilnad Mercantile Bank Share Price
Start SIP in Tamilnad Mercantile Bank
Start SIPTamilnad Mercantile Bank Performance
Day Range
- Low 472
- High 488
52 Week Range
- Low 438
- High 611
- Open Price474
- Previous Close472
- Volume366098
Tamilnad Mercantile Bank Investment Rating
-
Master Rating:
-
Tamilnad Mercantile Bank has an operating revenue of Rs. 5,684.83 Cr. on a trailing 12-month basis. An annual revenue growth of 17% is outstanding, Pre-tax margin of 25% is great, ROE of 13% is good. The stock from a technical standpoint is trading below to its 200DMA and close to its 50DMA. It needs to take out the 200DMA levels and stay above it to make any further meaningful move. From an O'Neil Methodology perspective, the stock has an EPS Rank of 78 which is a FAIR score but needs to improve its earnings, a RS Rating of 13 which is POOR indicating the underperformance as compared to other stocks, Buyer Demand at B- which is evident from recent demand for the stock, Group Rank of 158 indicates it belongs to a poor industry group of Banks-Money Center and a Master Score of D is close to being the worst. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock has mediocre earnings and technical strength, there are superior stocks in the current market environment.
EPS Strength
Price Strength
Buyer Demand
Group Rank
| Indicator | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 | Mar 2023 |
|---|---|---|---|---|---|---|
| Oper Rev Qtr Cr | 1,281 | 1,254 | 1,229 | 1,209 | 1,156 | 1,070 |
| Operating Expenses Qtr Cr | 331 | 364 | 325 | 324 | 301 | 307 |
| Operating Profit Qtr Cr | 469 | 367 | 370 | 365 | 380 | 404 |
| Depreciation Qtr Cr | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Qtr Cr | 715 | 687 | 692 | 676 | 642 | 543 |
| Tax Qtr Cr | 96 | 90 | 84 | 68 | 80 | 94 |
| Net Profit Qtr Cr | 287 | 253 | 284 | 274 | 261 | 253 |
Tamilnad Mercantile Bank Technicals
EMA & SMA
- Bullish Moving Average
- ___
- 15
- Bearish Moving Average
- ___
- 1
- 20 Day
- ₹465.90
- 50 Day
- ₹465.42
- 100 Day
- ₹470.34
- 200 Day
- ₹478.10
- 20 Day
- ₹462.55
- 50 Day
- ₹464.93
- 100 Day
- ₹470.02
- 200 Day
- ₹483.14
Tamilnad Mercantile Bank Resistance and Support
| Resistance | |
|---|---|
| First Resistance | 489.40 |
| Second Resistance | 496.20 |
| Third Resistance | 504.70 |
| RSI | 67.04 |
| MFI | 69.65 |
| MACD Single Line | 1.57 |
| MACD | 3.68 |
| Support | |
|---|---|
| First Support | 474.10 |
| Second Support | 465.60 |
| Third Supoort | 458.80 |
Tamilnad Mercantile Bank Delivery and Volume
| Period | NSE + BSE Volume Avg | NSE + BSE Delivery Volume Avg | NSE + BSE Delivery Volume % |
|---|---|---|---|
| Day | 383,067 | 17,509,993 | 45.71 |
| Week | 176,596 | 8,926,918 | 50.55 |
| 1 Month | 133,887 | 6,888,467 | 51.45 |
| 6 Month | 155,166 | 6,844,387 | 44.11 |
Tamilnad Mercantile Bank Result Highlights
Tamilnad Mercantile Bank Synopsis
NSE-Banks-Money Center
Tamilnad Mercantile is involved in the business activities of Monetary intermediation of commercial banks, saving banks. postal savings bank and discount houses. Company’s Total Operating Revenue is Rs. 4847.91 Cr. and Equity Capital is Rs. 158.35 Cr. for the Year ended 31/03/2024. Tamilnad Mercantile Bank Ltd. is a Public Limited Listed company incorporated on 11/05/1921 and has its registered office in the State of Tamil Nadu, India. Company’s Corporate Identification Number(CIN) is L65110TN1921PLC001908 and registration number is 001908.| Market Cap | 7,642 |
| Sales | 5,685 |
| Shares in Float | 15.84 |
| No of funds | 99 |
| Yield | 2.07 |
| Book Value | 0.96 |
| U/D Vol ratio | 0.4 |
| LTDebt / Equity | 16 |
| Alpha | -0.12 |
| Beta | 0.38 |
Tamilnad Mercantile Bank Shareholding Pattern
| Owner Name | Jun-24 | Mar-24 | Dec-23 | Sep-23 |
|---|---|---|---|---|
| Promoters | ||||
| Mutual Funds | 0.18% | 0.15% | 0.08% | 0.11% |
| Insurance Companies | 2.41% | 2.46% | 2.94% | 3.62% |
| Foreign Portfolio Investors | 3.67% | 3.45% | 3.13% | 2.06% |
| Individual Investors | 59.65% | 59.56% | 57.58% | 58.07% |
| Others | 34.09% | 34.38% | 36.27% | 36.14% |
Tamilnad Mercantile Bank Management
| Name | Designation |
|---|---|
| Mr. A Niranjan Sankar | Non Executive Director |
| Mr. S R Ashok | Non Executive Director |
| Mr. D N Nirranjan Kani | Non Executive Director |
| Mr. C Chiranjeevi Raj | Independent Director |
| Mrs. S Ezhil Jothi | Independent Director |
| Mr. B Prabaharan | Independent Director |
| Mr. C S Ram Kumar | Nominee Director |
| Mr. Thomas Mathew | Nominee Director |
| Mr. S Sridharan | Independent Director |
| Mr. K V Rama Moorthy | Addnl.Non Executive Director |
| Mr. R Deepak Shankar | Addnl.Independent Director |
Tamilnad Mercantile Bank Forecast
Price Estimates
Tamilnad Mercantile Bank Corporate Action
| Date | Purpose | Remarks |
|---|---|---|
| 2024-08-02 | Quarterly Results | |
| 2024-04-22 | Audited Results & Final Dividend | |
| 2024-01-22 | Quarterly Results | |
| 2023-10-27 | Quarterly Results | |
| 2023-07-24 | Quarterly Results |
| Date | Purpose | Remarks |
|---|---|---|
| 2023-08-29 | FINAL | Rs.5.00 per share(50%)Final Dividend |
| 2023-02-24 | INTERIM | Rs.5.00 per share(50%)Interim Dividend |
Tamilnad Mercantile Bank FAQs
What is Share Price of Tamilnad Mercantile Bank ?
Tamilnad Mercantile Bank share price is ₹482 As on 08 September, 2024 | 06:00
What is the Market Cap of Tamilnad Mercantile Bank ?
The Market Cap of Tamilnad Mercantile Bank is ₹7642 Cr As on 08 September, 2024 | 06:00
What is the P/E ratio of Tamilnad Mercantile Bank ?
The P/E ratio of Tamilnad Mercantile Bank is 7 As on 08 September, 2024 | 06:00
What is the PB ratio of Tamilnad Mercantile Bank ?
The PB ratio of Tamilnad Mercantile Bank is 1 As on 08 September, 2024 | 06:00