In the last three months, 11 penny stocks delivered gains of 30% to 215%, with three becoming multibaggers. Selected for low market capitalization, sub-Rs 20 prices, and active trading, these micro-cap stocks show strong upward momentum. While offering high returns, they carry significant risk, requiring discipline, research, and risk management.
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.