TMB · Financials · 2026-08-21

Tamilnad Mercantile Bank Ltd

7.0★★ GoodSolid +4.1Stage 2 · wk 41In scan: Prop Scan · Pullback HunterMARKET: BULL RISING · 2026-08-21
₹878.6
+1.02% today
₹13,912 Cr · Mid cap
About this companyFinancials· Private Banks
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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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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
vs 52W High
-1.7%
₹422 lo₹893.7 hi
Near 52W high
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 41
1w13w26w
Week 41 — mature, watch for distribution
How long this stock has been in Stage 2. The sweet spot is typically 13–26 weeks — 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
33.2%
200 DMA: ₹659.3 · rising
Long-term trend anchor. When stock and Nifty are both above their 200 DMA, the macro backdrop supports continuation.
Rel Volume
0.67x
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 trending up · +3.3% vs MA50 +7.9%
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.
Sector
Financials
↑ Building
Stage 2%
41.5%
20d Δ
+7.7pp
1M return
+2.1%
3M return
+3.6%
Sector Stage-2 % · last 20 days
This stock ranks #5 of 92 Stage 2 stocks in Financials by RS. Leading the sector.
Industry
Private Banks
↓ Peaking
Stage 2%
66.7%
20d Δ
-3.7pp
1M return
+0.0%
3M return
+4.7%
Industry Stage-2 % · last 20 days
Ranks #1 of 18 Stage 2 stocks in this industry. Top stock in industry.
Price + Volume Chart
Loading price chart…
Stage Cycle Timeline2023-05-26 → 2026-08-21
S3 16w
S4 29w
S2 42w
2023-05-262026-08-21
S1S2S3S4Setup score (0–10, dashed line at 5)
S? 6w → S1 7w → 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 42w current
Total tracked: 168 weeks across 17 stage runs.
1M
+9.9%
3M
+28.7%
6M
+34.1%
YTD
+74.0%
1Y
+104.7%
Scan Membership
Prop Scan
Latest: 2026-08-21
Pullback Hunter
Latest: 2026-07-08
60 appearances in last 60 days. First seen: 2026-06-12.
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
2026-08-21S2
Wk 41 · Vol —x
2026-08-20S2
Wk 41 · Vol —x
2026-08-19S2
Wk 41 · Vol —x
2026-08-18S2
Wk 41 · Vol —x
2026-08-17S2
Wk 40 · Vol —x
2026-08-14S2
Wk 40 · Vol —x
2026-08-13S2
Wk 40 · Vol —x
2026-08-12S2
Wk 40 · Vol —x
2026-08-11S2
Wk 40 · Vol —x
2026-08-10S2
Wk 39 · Vol —x
2026-08-07S2
Wk 39 · Vol —x
2026-08-06S2
Wk 39 · Vol —x
Sector Peers — Stage 2All →
TFCILTD
wk 26 · -1.3% from hi
9.6
PRUDENT
wk 12 · -1.4% from hi
8.4
KTKBANK
wk 23 · -2.0% from hi
8.3
ESAFSFB
wk 9 · 0.0% from hi
7.6
MUFIN
wk 13 · -0.0% from hi
7.5
Moving averages & range
50 DMA
₹810.6
200 DMA
₹659.3
52W High
₹893.7
52W Low
₹422
5D Low
₹838.9
Resistance levels (recent highs)
20d High
₹893.7
60d High
₹893.7
120d High
₹893.7
250d High
₹893.7
Next resistance
+1.7%
to 20d High

All analytics based on EOD data. Data as of 2026-08-21. Past data patterns are not indicative of future results. This page is a data analytics tool only.