Dharmesh Shah suggests focusing on the domestic sector, with banking showing relative outperformance even in the current corrective phase. He advises positive stances on banking, NBFCs, PSU stocks, and metals, while viewing pullbacks in IT as exit opportunities.
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.