Despite a recent market rebound, many stocks are still below their 2024 highs. An ETIG study reveals that a significant portion of NSE 500 stocks remain considerably lower than their peak values. Analysts suggest these stocks may struggle to reach previous highs due to valuation concerns and limited earnings growth prospects.
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.