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Tamilnad Mercantile Bank Ltd is a well-established private sector bank in India, known for its strong presence in rural and semi-urban areas. Founded in 1921, the bank offers a wide range of financial services, including loans, deposits, and wealth management, focusing on agriculture, small businesses, and retail customers. TMB Share Price on NSE as of 1 October 2024 is 471.25 INR. Here are more details on TMB Share Price Target 2024, 2025, 2026 to 2030.

Tamilnad Mercantile Bank Ltd: Market Overview

• Open Price: ₹471.00
• High Price: ₹472.60
• Low Price: ₹464.00
• Previous Close: ₹470.70
• Volume: 138,810
• UC Limit: ₹564.80
• LC Limit: ₹376.60
• P/E ratio: 6.80
• Div yield: 2.12%
• 52-wk high: ₹600.00
• 52-wk low: ₹438.05
• Mkt cap: ₹7.46°­°ä°ù
• Face Value: ₹10

TMB Share Price Today Chart

TMB Share Price Target Tomorrow 2024 To 2030

TMB Share Price Target 2024

TMB share price target 2024 Expected target could be₹545. Here are three key factors affecting Tamilnad Mercantile Bank’s (TMB) share price target for 2024 growth:

1. Expanding Digital Banking Services: TMB’s ongoing investment in digital platforms, including mobile banking and online services, could attract more tech-savvy customers and improve operational efficiency, supporting share price growth.
2. Rural and Semi-Urban Focus: TMB’s strong presence in rural and semi-urban markets, where demand for financial services is growing, gives it a competitive edge, which may drive revenue and enhance share price performance.

3. Regulatory and Economic Conditions: Favorable regulatory policies, low interest rates, and economic growth in its core markets can positively influence TMB’s financial health, contributing to potential share price growth in 2024.

TMB Share Price Target 2025

TMB share price target 2025 Expected target could be ₹677. Here are three key factors affecting Tamilnad Mercantile Bank’s (TMB) share price target growth for 2025:

1. Branch Network Expansion: TMB’s plans to expand its branch network, especially in underserved regions, could lead to increased customer acquisition and a stronger market presence, positively impacting share price growth.
2. Credit Portfolio Diversification: The bank’s efforts to diversify its loan portfolio by offering more services to SMEs and agricultural sectors can reduce risk and create steady revenue streams, enhancing investor confidence and driving share price growth.

3. Improved Asset Quality: Continuous improvements in TMB’s asset quality, including lower non-performing assets (NPAs) and better risk management, could strengthen its financial position and encourage share price appreciation in 2025.

TMB Share Price Target 2030

TMB share price target 2030 Expected target could be ₹1328. Here are three key factors affecting Tamilnad Mercantile Bank’s (TMB) share price target growth for 2030:

1. Technological Advancements: TMB’s adoption of digital banking solutions, such as mobile banking and fintech partnerships, will likely drive customer engagement and operational efficiency, boosting long-term growth potential and share price appreciation.
2. Economic Growth and Rural Focus: As India’s rural economy continues to expand, TMB’s focus on serving agricultural and rural customers could help tap into the growing demand for banking services in these areas, significantly contributing to share price growth by 2030.

3. Sustainable Profitability: Consistent profit growth, backed by a well-diversified loan portfolio and controlled NPAs, will be crucial for long-term investor confidence and sustained share price increase through 2030.

Shareholding Pattern For Tamilnad Mercantile Bank Ltd

• Promoters: 0%
• Retail and Others:Ìý93.16%
• Foreign Institutions:Ìý3.67%
• Other Domestic Institutions: 3.17%

Tamilnad Mercantile Bank Ltd Financials

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