Tamilnad Mercantile Bank witnessed a sharp uptick in its share price on Thursday, rising 4.52% to Rs 763.30, following the release of its provisional business update for the June 2026 quarter (Q1FY27). The stock’s momentum was supported by robust year-on-year growth across key banking metrics, reinforcing investor confidence in the lender’s steady expansion trajectory.
The bank reported total business of Rs 1,21,715 crore as of June 30, 2026, marking a strong 23.04% increase from Rs 98,923 crore in the same period last year. On a sequential basis, total business also advanced 5.76% from Rs 1,15,091 crore in the March 2026 quarter, indicating sustained operational momentum.
