Tamilnad Mercantile Bank Ltd Share Price – NSE /  BSE

Banks, Small Cap

Tamilnad Mercantile Bank announced the appointment of R.Kanagavalli (DIN - 00883998) as an Additional Director (Independent) on the Board of the Bank, for a period of three years, with effect from 19 August 2024, subject to the approval of the Shareholders.

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Salee Nair, a post graduate in Applied Electronics, started his banking career in the year 1987. He joined State Bank of India as a probationary officer. In a career span of more than 35 years, he has handled various assignments, mostly in the Corporate A/c Group, handling large Corporates. He also had two assignments in the International Banking group of SBI, first at New York, USA and later heading the Australian Operations based at Sydney.

The private sector bank also stated that the appointment is subject to the approval of the shareholders.

Tamilnad Mercantile Bank is one of the renowned old private sector banks. TMB has a pan India presence with 536 branches, 1,149 ATMs and 324 CRMs

The bank's net profit jumped 11.54% to Rs 261.53 crore on 15.86% increase in total income to Rs 1,322.89 crore in Q1 FY24 over Q1 FY23.

The scrip rose 0.93% to close at Rs 451.15 on Friday, 16 August 2024.

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Cera Sanitaryware Ltd, Medplus Health Services Ltd, Samvardhana Motherson International Ltd, Glenmark Life Sciences Ltd are among the other stocks to see a surge in volumes on NSE today, 05 August 2024.

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. The stock rose 1.77% to Rs.458.90. Volumes stood at 1.59 lakh shares in the last session.

Cera Sanitaryware Ltd registered volume of 1.36 lakh shares by 14:14 IST on NSE, a 12.21 fold spurt over two-week average daily volume of 11167 shares. The stock rose 4.60% to Rs.9,349.95. Volumes stood at 5598 shares in the last session.

Medplus Health Services Ltd registered volume of 6.24 lakh shares by 14:14 IST on NSE, a 6.62 fold spurt over two-week average daily volume of 94305 shares. The stock slipped 1.50% to Rs.663.30. Volumes stood at 37055 shares in the last session.

Samvardhana Motherson International Ltd notched up volume of 741.53 lakh shares by 14:14 IST on NSE, a 5.75 fold spurt over two-week average daily volume of 128.91 lakh shares. The stock slipped 9.43% to Rs.175.02. Volumes stood at 117.13 lakh shares in the last session.

Glenmark Life Sciences Ltd recorded volume of 14.27 lakh shares by 14:14 IST on NSE, a 5.49 times surge over two-week average daily volume of 2.60 lakh shares. The stock gained 5.82% to Rs.935.45. Volumes stood at 2 lakh shares in the last session.

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Samvardhana Motherson International Ltd, Britannia Industries Ltd, Sheela Foam Ltd, Medplus Health Services Ltd are among the other stocks to see a surge in volumes on BSE today, 05 August 2024.

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. The stock gained 3.55% to Rs.468.10. Volumes stood at 8534 shares in the last session.

Samvardhana Motherson International Ltd witnessed volume of 19.19 lakh shares by 10:46 IST on BSE, a 4.22 times surge over two-week average daily volume of 4.55 lakh shares. The stock dropped 8.51% to Rs.176.90. Volumes stood at 3.34 lakh shares in the last session.

Britannia Industries Ltd registered volume of 24633 shares by 10:46 IST on BSE, a 3.91 fold spurt over two-week average daily volume of 6306 shares. The stock rose 1.08% to Rs.5,784.90. Volumes stood at 9935 shares in the last session.

Sheela Foam Ltd witnessed volume of 16926 shares by 10:46 IST on BSE, a 3.51 times surge over two-week average daily volume of 4825 shares. The stock dropped 3.14% to Rs.967.25. Volumes stood at 2002 shares in the last session.

Medplus Health Services Ltd registered volume of 17075 shares by 10:46 IST on BSE, a 3.49 fold spurt over two-week average daily volume of 4891 shares. The stock rose 1.92% to Rs.686.80. Volumes stood at 3709 shares in the last session.

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