Brokerages remain bullish on select Nifty large-cap stocks across sectors, with several companies receiving over 30 ‘buy’ calls from analysts, according to Trendlyne data. These include blue-chip names such as HDFC Bank, SBI, Reliance Industries, M&M, and Axis Bank, with analysts projecting up to 20% upside from current levels.
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.