India's Tamilnad Mercantile Bank at 4-month high on Q4 profit rise

Tamilnad Mercantile Bank

24/04/2025 09:26

** Tamilnad Mercantile Bank TAMI.NS rises as much as 9.3% to 482 rupees, highest since December 18

** Co reports 15.3% y/y rise in Q4 net profit; interest earned grows 7% y/y

** Gross non-performing assets ratio improves to 1.25% from 1.32% in Q3

** Share price above 50-day, 100-day and 200-day exponential moving averages

** Stock sees most active trading session since August 2024, with more than 1.1 mln shares traded - ~15x the 30-day avg

** TAMI last up 4%, turning to YTD gains

 (Reporting by Ashish Chandra in Bengaluru)

 ((ashish.chandra@thomsonreuters.com (+91 7982114624))