What is happening is that there was a bit of a positive view on IT and mostly consensus positive view saying that incremental deal flow has been good, IT firms are hiring, and as you see a bit of a strength come through in US economy this discretionary spending will get better.
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.