Ambit initiated a “Buy” rating on GMM Pfaudler with a 24-month target of ₹2,400, citing an 89% upside driven by end-user capex rebound and diversification strategies.
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.