One of India’s top private sector banks, Tamilnad Mercantile Bank is well-known throughout the southern region of the country. The bank frequently outperforms the financial market, attracting investors as a desirable investment alternative. Many investors are now choosing to invest in the Indian stock market as the global economy is beginning to show signs of improvement. In this light, it is critical to assess Tamilnad Mercantile Bank’s prospects for the future and the performance of its stock price over the coming years. In this article, we’ll talk about the numerous potential influences on Tamilnad Mercantile Bank’s share price goal between 2023 and 2030 and give a prediction of the potential returns that investors might see.
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TMB IN RECENT NEWS
- Following the March quarter earnings, the shares of Tamilnad Mercantile Bank experienced an increase.
TMB SHARE PRICE TARGET 2023
TMB SHARE PRICE TARGET 2023 | Maximum Price | Minimum Price |
April 2023 | ₹413.20 | ₹317.85 |
May 2023 | ₹344.33 | ₹264.87 |
June 2023 | ₹413.20 | ₹317.85 |
July 2023 | ₹495.84 | ₹381.42 |
August 2023 | ₹545.42 | ₹419.56 |
September 2023 | ₹572.70 | ₹440.53 |
October 2023 | ₹545.42 | ₹419.56 |
November 2023 | ₹599.97 | ₹461.51 |
December 2023 | ₹671.96 | ₹516.89 |
The Tamilnad Mercantile Bank share price is expected to experience significant fluctuations throughout the year 2023. In April 2023, the maximum price target for the shares is expected to be around ₹413.20, while the minimum price target is likely to be around ₹317.85. The share price is expected to decline further in May 2023, with the maximum and minimum targets being ₹344.33 and ₹264.87 respectively.
However, the share price is expected to recover in the following months, with the maximum and minimum targets for June 2023 being the same as that of April 2023. In July 2023, the share price is expected to increase significantly, with the maximum and minimum targets being ₹495.84 and ₹381.42 respectively.
The trend of increasing share prices is expected to continue in the coming months, with the maximum and minimum targets for December 2023 being ₹671.96 and ₹516.89 respectively.
TMB SHARE PRICE TARGET 2024
TMB SHARE PRICE TARGET 2024 | Maximum Price | Minimum Price |
January 2024 | ₹707.33 | 1037.03 |
February 2024 | ₹794.75 | ₹662.29 |
March 2024 | ₹836.58 | ₹680.15 |
April 2024 | ₹760.53 | ₹585.02 |
May 2024 | ₹633.77 | ₹487.52 |
June 2024 | ₹760.53 | ₹585.02 |
July 2024 | ₹646.45 | ₹501.12 |
August 2024 | ₹711.09 | ₹564.36 |
September 2024 | ₹746.65 | ₹574.34 |
October 2024 | ₹878.41 | ₹675.70 |
November 2024 | ₹922.33 | ₹709.48 |
December 2024 | ₹940.78 | ₹723.67 |
The Tamilnad Mercantile Bank share price is expected to continue its volatile trend. In January 2024, the share price is expected to reach a maximum target of ₹707.33 and a minimum target of ₹1037.03. This trend is expected to reverse in the following months, with the share price declining in February 2024, with maximum and minimum targets of ₹794.75 and ₹662.29 respectively.
However, the share price is expected to recover in March 2024, with maximum and minimum targets of ₹836.58 and ₹680.15 respectively. In April 2024, the share price is expected to decline again, with maximum and minimum targets of ₹760.53 and ₹585.02 respectively.
The following months are expected to see a mixed trend, with the share price experiencing both upward and downward movements. The maximum and minimum targets for December 2024 are expected to be ₹940.78 and ₹723.67 respectively.
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TMB SHARE PRICE TARGET 2025
TMB SHARE PRICE TARGET 2025 | Maximum Price | Minimum Price |
January 2025 | ₹959.59 | ₹738.15 |
February 2025 | ₹1,010.10 | ₹777.00 |
March 2025 | ₹1,060.60 | ₹815.85 |
April 2025 | ₹946.97 | ₹728.44 |
May 2025 | ₹860.88 | ₹662.21 |
June 2025 | ₹946.97 | ₹728.44 |
July 2025 | ₹901.87 | ₹693.75 |
August 2025 | ₹939.45 | ₹722.65 |
September 2025 | ₹986.42 | ₹758.79 |
October 2025 | ₹1,045.61 | ₹804.31 |
November 2025 | ₹1,118.80 | ₹860.62 |
December 2025 | ₹1,141.18 | ₹877.83 |
The Tamilnad Mercantile Bank share price is expected to continue its trend of volatility. In January 2025, the share price is projected to have a maximum target of ₹959.59 and a minimum target of ₹738.15. This trend is expected to continue in the following months, with the share price reaching a maximum target of ₹1,010.10 and a minimum target of ₹777.00 in February 2025, and a maximum target of ₹1,060.60 and a minimum target of ₹815.85 in March 2025.
The share price is then expected to decline in April 2025, with maximum and minimum targets of ₹946.97 and ₹728.44 respectively. The following months are expected to see mixed trends, with the share price experiencing both upward and downward movements. The maximum and minimum targets for December 2025 are expected to be ₹1,141.18 and ₹877.83 respectively.
TMB SHARE PRICE TARGET 2026 TO 2030
TMB SHARE PRICE TARGET BY | Maximum Price | Minimum Price |
2026 | ₹798.82 | ₹559.18 |
2027 | ₹679.00 | ₹475.30 |
2028 | ₹1,222.20 | ₹855.54 |
2029 | ₹2,510.59 | ₹1,757.41 |
2030 | ₹2,795.88 | ₹1,957.12 |
Looking ahead to the years 2026 to 2030, the Tamilnad Mercantile Bank share price is projected to continue experiencing both upward and downward trends. In the year 2026, the share price is expected to have a maximum target of ₹798.82 and a minimum target of ₹559.18. In 2027, the share price is expected to experience a dip with a maximum target of ₹679.00 and a minimum target of ₹475.30. However, in 2028, the share price is expected to see a significant increase, with a maximum target of ₹1,222.20 and a minimum target of ₹855.54.
The year 2029 is projected to see an even greater increase, with a maximum target of ₹2,510.59 and a minimum target of ₹1,757.41. The share price is expected to continue its upward trend in 2030, with a maximum target of ₹2,795.88 and a minimum target of ₹1,957.12.
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FINANCIAL STRENGTH OF TMB (2018 TO 2022)
ANNUAL | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
Total Income | 4,710.15 | 4,656.43 | 4,253.40 | 3,992.53 | 3,638.80 |
Total Income Growth (%) | 1.15 | 9.48 | 6.53 | 9.72 | -3.14 |
Provisions & Contingencies | 543.58 | 704.86 | 598.89 | 587.33 | 625.69 |
Provisions & Contingencies Growth (%) | -22.88 | 17.69 | 1.97 | -6.13 | -20.20 |
Profit after Tax (PAT) | 1,029.26 | 821.91 | 603.33 | 407.69 | 258.58 |
PAT Growth (%) | 25.23 | 36.23 | 47.99 | 57.67 | 16.52 |
Net Interest Margin (%) | 3.61 | 3.43 | 3.23 | 3.08 | 3.03 |
Net Profit Margin (%) | 25.22 | 21.43 | 16.71 | 11.76 | 8.01 |
Basic EPS (₹) | 65.00 | 57.67 | 42.34 | 28.61 | 18.14 |
TM Bank has demonstrated steady growth in its financial performance over the last five years, as evidenced by the increase in its Total Income, which grew from ₹3,638.80 crore in FY 2019 to ₹4,710.15 crore in FY 2023. The bank’s revenue growth has been consistently positive, with a maximum YoY growth of 9.72% in FY 2020. Despite an increase in Provisions & Contingencies in FY 2022, TM Bank managed to maintain a strong Profit after Tax (PAT), which has grown significantly over the past five years.
In FY 2023, the bank’s PAT increased by 25.23% YoY, reaching a total of ₹1,029.26 crore. The bank’s Basic EPS has also steadily increased over the years, reaching ₹65.00 in FY 2023. The bank has been able to maintain a healthy Net Interest Margin of 3.61% in FY 2023, which is higher than the previous year. Moreover, the Net Profit Margin has also improved, reaching 25.22% in FY 2023. Overall, TM Bank’s financial statement reveals a positive trajectory of growth and profitability over the last five years.
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FAQ’s
How has TMB performed in terms of its financials in the last five years?
TMB has shown consistent growth in its financials over the last five years. Its total income has grown at an average rate of around 6.7% per year, while its profit after tax (PAT) has grown at an average rate of around 36.5% per year. The bank has also been able to maintain a healthy net interest margin (NIM) and net profit margin (NPM) during this period.
What is the maximum and minimum PAT growth that TMB has shown in the last five years?
TMB has shown a maximum PAT growth of 57.67% in FY 2020 and a minimum PAT growth of 16.52% in FY 2019 during the last five years.
How has TMB’s provisions and contingencies changed in the last five years?
TMB’s provisions and contingencies have been volatile in the last five years. While it increased by around 17.69% in FY 2022, it decreased by around 22.88% in FY 2023. Overall, it has grown at an average rate of around 0.69% per year during this period.
CONCLUSION: TAMILNAD MERCANTILE BANK SHARE PRICE TARGET
The last five years’ worth of financial statements reveal constant increase for Tamilnad Mercantile Bank in terms of total income, revenue, and profit after tax (PAT). With a growth rate of 25.23% in FY 2023 compared to the prior year, the bank’s PAT has increased dramatically over the past few years. The net profit margin and net interest margin have both increased over time, demonstrating the bank’s effectiveness in handling its money. Additionally, the bank has managed to keep its provision and contingency ratio stable, lowering the risk of potential losses.
These aspects lead to the conclusion that TM Bank shares may be a solid investment for those seeking long-term growth possibilities.

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