Indian stock indices closed higher for the third consecutive session, fueled by easing retail inflation and hopes for rate cuts. Viral Chheda of SSJ Finance and Securities suggests buying Jio Financial, SBI Card, and Canara Bank. He anticipates significant upside potential for these stocks over the next 10-12 months, providing specific entry points, stop losses, and target prices.
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.