Besides this, there are three stock splits lined up for today. Colorchips New Media announced the sub-division of its equity shares from a face value of Rs 10 to Rs 2 per share. Greencrest and Nikhil Adhesives, on the other hand, announced a stock split in the ratio of 1:10 each.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.