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2026-07-02 10:47:46 am | Source: Accord Fintech
Tamilnad Mercantile Bank soars on registering 27% rise in total advances in Q1FY27
Tamilnad Mercantile Bank soars on registering 27% rise in total advances in Q1FY27

Tamilnad Mercantile Bank is currently trading at Rs. 751.80, up by 21.80 points or 2.99% from its previous closing of Rs. 730.00 on the BSE.

The scrip opened at Rs. 744.60 and has touched a high and low of Rs. 763.25 and Rs. 739.00 respectively. So far 21218 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 798.00 on 18-Jun-2026 and a 52 week low of Rs. 418.65 on 05-Sep-2025.

Last one week high and low of the scrip stood at Rs. 763.25 and Rs. 726.10 respectively. The current market cap of the company is Rs. 11939.70 crore.

The Institutions and Non-Institutions held 7.55% and 92.45% stake in the company respectively.

Tamilnad Mercantile Bank’s total advances stood at Rs 57,306 crore (provisional) as of June 30, 2026 (Q1FY27), posting a 27.01% rise in year-on-year (YoY) terms against Rs 45,120 crore as of June 30, 2025. Total deposits grew 19.71% to Rs 64,409 crore (provisional) as of June 30, 2026, as compared to Rs 53,803 crore as of June 30, 2025.

Total business stood at Rs 1,21,715 crore (provisional) as of June 30, 2026, posting a 23.04% rise in YoY terms against Rs 98,923 crore as of June 30, 2025. CASA stood at Rs 16,852 crore as of June 30, 2026 versus Rs 14,411 crore as of June 30, 2025.

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