Samvardhana Motherson International’s shares surged to a 52-week high, driven by anticipated revenue growth and margin expansion. The auto ancillary firm is investing heavily in new facilities and acquisitions, bolstering its order book and positioning for long-term industry consolidation and EV transition benefits.
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.