In terms of valuation, the stock is currently trading at a price-to-earnings (P/E) ratio of 22.86. Its price-to-sales (P/S) ratio stands at 3.49, while the price-to-book (P/B) ratio is 4.73, indicating how the market values the company relative to its earnings, revenue, and net worth.
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.