Despite current headwinds, Indian IT stocks remain crucial for the economy, generating jobs, forex, and supporting tech ecosystems. Analysts are urged to assess rather than criticize companies like TCS and Infosys. As the earnings season kicks off on Thursday with TCS set to announce its Q2 results, IT stocks are generating strong buzz. Over the past week, the sector has rallied as much as 11%.
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.