Tamilnad Mercantile Bank Ltd

Stage 2 · Advancing · week 49Setup 4.5 WatchWeak -1.2

As of 16 Oct 2026, Tamilnad Mercantile Bank is in Stage 2 — advancing, the uptrend phase, in week 49 (since 30 Oct 2025). It closed at ₹857, 9.0% below its 52-week high and above its 200-day average, which is rising. In Financials, 20.8% of stocks are in Stage 2.

Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. More about the company

₹857.3
+0.28% today
₹13,575 Cr · Mid cap
Market Neutral — FadingFinancials 20.8% in Stage 2-11.8 pts / 20dPrivate Banks 33.3%-14.8 pts

Pro read

Pro

Our read

In Stage 2, but it has already run

Setup score

4.5 Watch

Momentum

Steady

Edge

Weak -1.2

Setup-score rank among Stage 2 peers: #7 of 9 in Private Banks · #27 of 55 in Financials

Is TMB early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
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vs 52W High
-9.0%
₹423.1 lo₹942.5 hi
9.0% below 52W high — pullback range
How far this stock is from its 52-week high. A pullback of 3–20% while Stage 2 structure holds is typically a better entry than chasing near the high.
Stage Maturity
Week 49
1w13w26w
Week 49 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is mid-run — enough time to prove the structure holds, not so long it's extended. Very fresh (wk 1–4) often needs more time to confirm.
vs 200 DMA
17.1%
200 DMA: ₹732 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.63x
vs 50-day avg
Low vol (0.5–1x) on pullbacks = resting, not being sold. High vol on breakouts = commitment. Volume spike on down days is a warning sign.
Trend Health
↓
MA20 rolling over · -2.5% vs MA50 +2.3%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-5.2%
3M
+7.5%
6M
+25.9%
YTD
+69.4%
1Y
+99.0%
Sector
Financials
↓ Peaking
Stage 2%
20.8%
20d Δ
-11.8pp
1M return
-0.9%
3M return
-5.5%
Sector Stage-2 % · last 20 days
This stock ranks #6 of 54 Stage 2 stocks in Financials by RS. Leading the sector.
Industry
Private Banks
↓ Peaking
Stage 2%
33.3%
20d Δ
-14.8pp
1M return
+1.8%
3M return
-3.7%
Industry Stage-2 % · last 20 days
Ranks #1 of 9 Stage 2 stocks in this industry. Top stock in industry.
Stage Cycle Timeline2023-07-20 → 2026-10-16
S3 16w
S4 29w
S2 50w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 5w → S2 13w → S3 16w → S4 29w → S1 5w → S4 6w → S1 4w → S2 3w → S3 1w → S4 12w → S1 6w → S2 8w → S3 8w → S4 1w → S3 2w → S2 50w current
Total tracked: 168 weeks across 16 stage runs.
Scan Membership
Prop Scan
Latest: 2026-10-05
Pullback Hunter
Latest: 2026-07-08
60 appearances in last 60 days. First seen: 2026-07-07.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-16S2
Wk 49 · Vol 0.63x
2026-10-15S2
Wk 49 · Vol 0.57x
2026-10-14S2
Wk 49 · Vol 0.57x
2026-10-13S2
Wk 49 · Vol 0.78x
2026-10-12S2
Wk 49 · Vol 0.71x
2026-10-09S2
Wk 48 · Vol 0.72x
2026-10-08S2
Wk 48 · Vol 0.67x
2026-10-07S2
Wk 48 · Vol 0.40x
2026-10-06S2
Wk 48 · Vol 0.36x
2026-10-05S2
Wk 48 · Vol 1.12x
2026-10-01S2
Wk 47 · Vol 0.55x
2026-09-30S2
Wk 47 · Vol 0.31x
Sector Peers — Stage 2All →
SMCGLOBAL
wk 11 · -6.2% from hi
9.0
ONELIFECAP
wk 2 · -0.0% from hi
8.7
ARIHANTCAP
wk 5 · -14.2% from hi
8.6
GCSL
wk 16 · 0.0% from hi
8.4
JAYKAY
wk 2 · — from hi
8.0
Moving averages & range
50 DMA
₹884
200 DMA
₹732
52W High
₹942.5
52W Low
₹423.1
5D Low
₹854.9
Resistance levels (recent highs)
20d High
₹921.4
60d High
₹942.5
120d High
₹942.5
250d High
₹942.5
Next resistance
+7.5%
to 20d High
Ask the Market AI about TMBAsk →
P/E (TTM)
8.0
Forward —
Earnings Growth (YoY)
+28.0%
Revenue +23.5%
ROE
+14.0%
Profit margin +39.9%
Dividend Yield
1.61%
P/B 1.1
About this companyFinancials· Private Banks

Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, portfolio management, POS terminal, e-tax payment, online bill payment, mutual fund, insurance, sovereign gold bond scheme, forex, and Internet and mobile banking services. It also provides home, car, two-wheeler, personal, LAP, pension, pharma and healthcare, education, gold, jewelry, commercial vehicles, traders and services, MSME, rice and dhall mill, doctor, agricultural, green energy, and Mahalir loans, as well as loans against sovereign gold bonds and secured overdraft facilities; NRI products; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited on November 26, 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.

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All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.