IT stocks like Infosys, TCS, HCL Tech, and Wipro are seeing renewed buying interest as tariff clarity boosts confidence, though experts caution against sharp gains. Deepak Shenoy highlights AI-driven adaptation for IT and sees private banks offering better value than PSU peers amid valuation concerns.
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.