Tamilnad Mercantile Bank Ltd

NSE
BUY

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
52W Low on Jul 03, 2023
4.5
TTM PE Ratio
Low in industry
7.1
Price to Book Ratio
Low in industry
1
Dividend yield 1yr %
Below industry Median
1
TTM PEG Ratio
PEG TTM is much higher than 1
1.7
RSI
RSI is mid-range
62.5
MFI
MFI is mid-range
64.8

Tamilnad Mercantile Bank Ltd shareholding Pattern

Foreign Institutions
3.4%
Mutual Funds
0.2%
Domestic Institutions
3.2%
Public
93.4%
Foreign Institutions
3.1%
Mutual Funds
0.1%
Domestic Institutions
3.6%
Public
93.2%
Foreign Institutions
2.1%
Mutual Funds
0.1%
Domestic Institutions
4.3%
Public
93.7%
Foreign Institutions
0.1%
Mutual Funds
0.1%
Domestic Institutions
5.5%
Public
94.4%
Foreign Institutions
0.2%
Domestic Institutions
5.8%
Public
94%
Foreign Institutions
0.6%
Domestic Institutions
5.9%
Public
93.5%

Tamilnad Mercantile Bank Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
13
Bearish Moving Averages
3
5Day EMA
478.80
10Day EMA
475.10
12Day EMA
474.20
20Day EMA
472.60
26Day EMA
472.60
50Day EMA
474.80
100Day EMA
481.20
200Day EMA
487.20
5Day SMA
476.60
10Day SMA
474.40
20Day SMA
469.70
30Day SMA
468.90
50Day SMA
476.10
100Day SMA
480.30
150Day SMA
490.20
200Day SMA
506.80
Delivery & Volume
Resistance & Support
485.08
Pivot
Resistance
First Resistance
491.87
Second Resistance
500.23
Third Resistance
507.02
Support
First Support
476.72
Second support
469.93
Third Support
461.57
Relative Strength Index
62.52
Money Flow Index
64.81
MACD
1.64
MACD Signal
-0.69
Average True Range
11
Average Directional Index
17.35
Rate of Change (21)
3.12
Rate of Change (125)
-7.02
Peer comparison
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Market Cap
52W Low
52W High
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8700.84
149.55
286.55
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7259.53
16.26
36.88
CSB Bank Ltd.
6078.08
267.1
422.25
Ujjivan Small Finance Bank Ltd.
9342.16
36.6
63
Equitas Small Finance Bank Ltd.
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Jana Small Finance Bank Ltd.
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760.9

Tamilnad Mercantile Bank Ltd Company background

Founded in: 1921
Managing director: S Krishnan
Tamilnad Mercantile Bank Limited was incorporated in the name of Nadar Bank Limited on May 11, 1921 at Thoothukudi, Tamil Nadu as a limited company under Indian Companies Act, 1913 pursuant to a certificate of incorporation issued by the erstwhile Assistant Registrar of Joint Stock, Palamcottah.. Subsequently, name of the Bank was changed to Tamilnad Mercantile Bank Limited, with effect from November 27, 1962, pursuant to a letter of approval from the Government of India dated November 14, 1962 and a fresh certificate of incorporation dated July 17, 1968 was issued by the Assistant Registrar of Companies, Madras. Presently, the Bank is engaged in providing a wide range of banking financial services involving retail, corporate banking and parabanking activities in addition to treasury and foreign exchange business.On November 11, 1921, the Bank commenced business at Thoothukudi, in Tamil Nadu. In 1933, it acquired its first property at Beach Road, Thoothukudi, in Tamil Nadu. On May 11, 1935, it was included in the second schedule to the Reserve Bank of India Act, 1934. It was granted the licence to carry on banking business in India by RBI on November 20, 1962. It opened a a rural branch at Vilathikulam, Tamil Nadu in 1968. In 1993, it was registered as Category1 Merchant Bankers with SEBI and opened first currency chest at Madurai Branch. The Bank was granted licence to deal in foreign exchange in 1999. It launched first ATM, christened as TMB Surabhi, in Chennai in 2004. In 2005, it launched first insurance linked deposit scheme, christened as Siranjeevee Recurring Deposit. It launched SMS banking services and internet banking facilities, christened as TMB EConnect in 2008. It launched mobile banking facilities in 2012. It signed an agreement for the issuance of PAN cards in 2014. As of June 30, 2021, the Bank had 509 branches, of which 106 branches were in rural, 247 in semiurban, 80 in urban and 76 in metropolitan centres. It built a strong presence in the state of Tamil Nadu, with 369 branches and 941 automated teller machines (ATMs) and 238 cash recycler machines (CRMs). The Bank offer a wide range of banking and financial services primarily to micro, small and medium enterprises (MSME), agricultural and retail customers, operating in manufacturing, trading and services sector.During 202122, the Bank had 509 branches, of which 106 branches were in rural, 247 in semiurban, 80 in urban and 76 in metropolitan centres. It introduced 9 new ATMs, 22 new CRMs. The Banks ATM and alternate delivery channel network stood at 1141 ATMs, and 282 CRMs.The Bank had issued by way of Initial Public Offering (IPO). 1,58,40,000 Equity Shares of Rs 10/ each at a premium of Rs 500/ each on 12.09.2022 and as a result of allotment of shares, the Banks shares got listed in both the exchanges i.e., BSE NSE effective on 15.09.2022.During the year 202223, the Bank added 21 new branches and the branch network of the bank increased to 530 branches. In addition to that, the Bank added 50 new ATMs / CRMs and 12 new elobbies. The Banks ATM and alternate delivery channel network stood at 1,149 ATMs, 324 CRMs, 113 elobbies, covering 17 States and 4 Union Territories.
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Tamilnad Mercantile Bank Ltd FAQs

Tamilnad Mercantile Bank Ltd shares are currently priced at 483.5 on NSE and 483.2 on BSE as of 6/20/2024 12:00:00 AM. Please be aware that stock prices are subject to continuous fluctuations due to various factors.

The past 1-year return of Tamilnad Mercantile Bank Ltd [TMB] share was 10.4. The Tamilnad Mercantile Bank Ltd [TMB] share hit a 1-year low of Rs. 402.35 and a 1-year high of Rs. 611.35.

The market cap of Tamilnad Mercantile Bank Ltd is Rs. 7656.29 Cr. as of 6/20/2024 12:00:00 AM.

The PE ratios of Tamilnad Mercantile Bank Ltd is 7.14 as of 6/20/2024 12:00:00 AM.

The PB ratios of Tamilnad Mercantile Bank Ltd is 0.96 as of 6/20/2024 12:00:00 AM

The Mutual Fund Shareholding was 0.15% at the end of 6/20/2024 12:00:00 AM.

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