Nearly 40 stocks in the Nifty 500 have plummeted over 50% from their 52-week highs, with names like Sterling & Wilson, Raymond Lifestyle, and OLA Electric leading the fall. Market correction, weak earnings, and sectoral headwinds are key triggers for the decline, especially in mid- and small-caps.
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.