NIFTY 23907.25 BANK 51135.40

Tamilnad Mercantile Bank Ltd
Share Price Target & Analysis

NSE:TMB

445.29

VWAP

446.7

Open

444.95

Close

449.6

High

441.85

Low

545.25

52 Week High

443.65 ⇩
-1.30 (-0.29%)

TMB

(Miscellaneous)
20.1% Momentum

Turnaround Potential

418.1

52 Week Low

71.22

EPS

18.6

PE

0.89

PB

Deluxe
Quality

Steel
Valuation

#Analysis

NSE: TMB Share Price Financial Analysis & Valuation

Tamilnad Mercantile Bank Ltd (TMB) is broadly categorized in Miscellaneous segment industry which deals in Bank - Private vertical. It is one of Small Cap company with Market Capitalization of Rs 0 (in Cr). Total number of free float shares are 0 (in Lacs). Tamilnad Mercantile Bank Ltd is listed on NSE with Exchange ID - INE668A01016 and trading code is NSE:TMB with short name TMB.

In the past 1 year, Tamilnad Mercantile Bank Ltd has declared an equity dividend of Rs 0 per share. At the current share price of TMB at Rs 443.65, this results in a dividend yield of 0 %.

As per the Fundamental Analysis of NSE:TMB, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine TMB underlying value and future prospects. All of this data is available in TMB financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:TMB, it is clearly understood that TMB is Deluxe performer in terms of earnings and profit margins with an EPS of 71.22. NSE:TMB book value per share as of today is 500.23. The current price to book ratio for TMB as of Nov 23, 2024 is 0.89.

Valuation of the Stock: The current valuation of TMB stock is like Steel which means currently the stock is Moderately Priced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of TMB whether to BUY this stock at current valuation. The delivery percentage of TMB is 56.3% is very crucial parameter which shows that 56.3% investors are anticipating that the price of TMB share should go up with VWAP at 445.29.

Now, the main question is whether to BUY or SELL, NSE:TMB at current valuation.
As per latest Analysis No. #6228:-

⇑ STRONG BUY TMB if All Greens

⇗ BUY TMB (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD TMB (With Stop Loss) if only 1 Green

⇘ SELL TMB if NO Green Indicator

NSE: TMB Share Price Today (Nov 23, 2024)

(Tamilnad Mercantile Bank Ltd Daily Analysis on the basis of TMB Intraday Graph & Trend)

Tamilnad Mercantile Bank Ltd share price moved Down by -0.29% from its previous close of Rs 444.95. TMB stock last traded price is 443.65. TMB share price trend is Down with a total of 79212 stocks traded till now. It has touched an intraday high of Rs 449.6 and an intraday low of Rs 441.85. The TMB trading at 443.65, Down by Rs. -1.30, or -0.29 percent which suggests that most of the Traders are anticipating that the price of TMB share should go Down.

NSE: TMB Share Price Tomorrow Prediction

(Tamilnad Mercantile Bank Ltd Share Price Prediction for Tomorrow & future forecast is based on Current Trend of TMB)

Tamilnad Mercantile Bank Ltd share price moved Down by -0.29%. TMB share price short term trend is Down. It suggests that TMB Share Price for Tomorrow remains the same with VWAP at 445.29 will be treated as stop loss for intraday traders. Tamilnad Mercantile Bank Ltd Long term investors can follow the TMB long term trend as mentiond in future forecast table.

NSE Code

NSE: TMB

TMB Share Price Today

 443.65

TMB Share Price Target Prediction for 2024 ^

 438.3 - 544.1

TMB Share Price Target Prediction for 2025*^

 544.1 - 651.8

TMB Share Price Target Prediction for 2026*^

 651.8 - 698.9

TMB Share Price Target Prediction for 2027*^

 734

TMB Share Price Target Prediction for 2028*^

 756

TMB Share Price Target Prediction for 2030*^

 826
TMB Current Book Value 2023
497.7

*Tamilnad Mercantile Bank Ltd Short Term & Long Term share price target is based on current financial year earings of the company.
^TMB share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

TMB Technical Analysis

Candlestick Pattern: @439.3

TMB Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 439.36 SELL 439.27 BUY
MA_12 442.63 SELL 440.64 SELL
MA_20 438.95 BUY 442.25 SELL
MA_32 444.71 SELL 446.37 SELL
MA_50 456.4 SELL 450.32 SELL
MA_100 458.44 SELL 457.04 SELL
MA_200 470.39 SELL 468.23 SELL

TMB Trend Oscillators

BUY (3) NEUTRAL (0) SELL (1)
Trend Oscillators Value Action
Bollinger Bands 438.95 Uptrend
MACD 0.75 BUY
ADX 27.49 Strong Trend
DMI (+/-) 15.88 / 22.12 Downtrend

TMB Momentum Oscillators

BUY (0) NEUTRAL (10) SELL (2)
Momentum Oscillators Value Action
RSI 45.09 Neutral
STOCHASTIC_K (Fast) 32.61 Neutral
STOCHASTIC_D (Slow) 25.79 Neutral
CCI -78.82 Neutral
PSAR 457.46 SELL
TRUE RANGE 6 Neutral
ATR 9.55 Neutral
WILLIAMS R -54.93 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 79.06 Neutral
STOCHASTIC RSI D 36.63 Neutral
MOMENTUM -2.5 SELL

TMB Last 1 Year Trend

Duration Value
1 Year -17.38%
3 Months -2.33%
1 Month -0.57%
1 Week -0.94%

TMB Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 17%
NEUTRAL / HOLD 33%
SELL 50%

Most popular Questions & Answers about TMB


Tamilnad Mercantile Bank Ltd stock last traded price is 443.65. TMB share price moved Down by -0.29% from its previous close of Rs 444.95.

Tamilnad Mercantile Bank Ltd share price trend is Down with a total of 79212 stocks traded till now. It has touched an intraday high of Rs 613.64625 and an intraday low of Rs 441.85. The TMB trading at 443.65, Down by Rs. -1.30, or -0.29 percent which suggests that most of the Traders are anticipating that the price of TMB share should go Down and the Stop Loss will be around 445.29.

The market cap of Tamilnad Mercantile Bank Ltd is ₹0 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Tamilnad Mercantile Bank Ltd as of Nov 22, 2024 is 18.6.

The current price to book ratio for Tamilnad Mercantile Bank Ltd as of Nov 22, 2024 is 0.89.

The highest price of Tamilnad Mercantile Bank Ltd stock is ₹545.25 in the last 52-week.

The lowest price of Tamilnad Mercantile Bank Ltd stock is ₹418.1 in the last 52-week.

Tamilnad Mercantile Bank Ltd share trading at ₹443.65, Down by Rs. -1.30, or -0.29 percent which suggests that most of the traders are anticipating that the price of TMB share should go Down.

In 2023, Stock price target for Tamilnad Mercantile Bank Ltd (TMB) are ₹438.3 on downside and ₹544.1 on upside. Tamilnad Mercantile Bank Ltd share price target is based on current financial year earings of the company.

In 2024, Stock price target for Tamilnad Mercantile Bank Ltd (TMB) are ₹544.1 on downside and ₹651.8 on upside. Tamilnad Mercantile Bank Ltd share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Tamilnad Mercantile Bank Ltd (TMB) are ₹651.8 on downside and ₹698.9 on upside. Tamilnad Mercantile Bank Ltd share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Tamilnad Mercantile Bank Ltd (TMB) will be around ₹756 Tamilnad Mercantile Bank Ltd share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of TMB.

The price of Tamilnad Mercantile Bank Ltd (TMB) shares moved by -0.29%. The short-term trend for TMB share price is Down. It implies that the share price of TMB will stay the same tomorrow and that intraday traders should treat VWAP at 445.29 as a stop loss. Investors with a long-term outlook can track TMB long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of TMB stock is 853.9. Compared to the current market price of 443.65 INR, the TMB stock is Undervalued by 48%.

As per the fundamental analysis of Tamilnad Mercantile Bank Ltd (TMB), it is of Deluxe quality in terms of earnings and profit margins with an EPS of 71.22. Tamilnad Mercantile Bank Ltd book value per share as of today is 500.23. The current price to book ratio for TMB as of Nov 23, 2024 is 0.89.


NSE:TMB News & Other Useful Information about TMB Share Price


Peer Comparison of NSE: TMB

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Bank - Private

Company Price EPS BV
IDBI 76.78 6.18 39.01
EQUITASBNK 63.39 3.94 52.44
UJJIVANSFB 32.24 6.02 28.66
SURYODAY 145.61 21.97 169.83
TMB 443.65 71.22 500.23
UTKARSHBNK 36.15 4.22 27.01
ESAFSFB 39.23 0.55 48.28
CAPITALSFB 285.85 26.74 265.69
JSFB 411.15 69.18 342.01
Updated at: 22 Nov 2024 15:56

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