Tamilnad Mercantile Bank (Mid Cap) Share Target 2024, 2025 To 2039
|
Tamilnad Mercantile Bank Limited |
|||
|
Price: ₹456.20 (-0.59%) | ||
| 52 Week Low: ₹418.10 52 Week High: ₹514.70 |
|||
| Market Capital: 7,517.72 Crore (Midcap) | |||
| Basic Materials -> Gold | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: Tamilnad Mercantile Bank Share Price Target For 2024
- 1.1.1: Tamilnad Mercantile Bank Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: Tamilnad Mercantile Bank Share Price Target For 2025
- 1.2.1: Tamilnad Mercantile Bank Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: Tamilnad Mercantile Bank Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: Tamilnad Mercantile Bank Brief Company Overview
- 4: Tamilnad Mercantile Bank Financial Performance
- 4.0.1: Is Tamilnad Mercantile Bank A Good Buy For Long Term?
To predict the Tamilnad Mercantile Bank's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
Tamilnad Mercantile Bank Share Price Target For 2024
The line chart displays the monthly closing prices of Tamilnad Mercantile Bank with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Tamilnad Mercantile Bank shares in 2024, see the table below.
Tamilnad Mercantile Bank Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 475.5 (+4.23%) | Price Action: 01 Jul 2024 High |
| 2024 Target 2 | 470.75 (+3.18%) | Price Action: 11 Jun 2024 Low |
| 2024 Target 1 | 465.85 (+2.11%) | Price Action: 28 Aug 2024 Low |
| Current Price | 456.20 | Tamilnad Mercantile Bank's share price as of 30 Dec 2024 |
| Stop Loss 1 | 451.6 (-1.01%) | Price Action: 16 Oct 2024 High |
| Stop Loss 2 | 447.0 (-2.02%) | Price Action: 07 Aug 2024 Low |
| Stop Loss 3 | 442.5 (-3.01%) | Price Action: 07 Oct 2024 Low |
Short-Term Technical Outlook
Current Technical Position: Tamilnad Mercantile Bank is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 50-day moving average at ₹457.81 serves as the nearest technical reference point.
Historical Returns: 3-month: -1.06% | 6-month: -1.18% | 1-year: -7.68%
Tamilnad Mercantile Bank Share Price Target For 2025
The line chart displays the monthly closing prices of Tamilnad Mercantile Bank with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for Tamilnad Mercantile Bank shares in 2025, see the table below.
Tamilnad Mercantile Bank Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 538.0 (+17.93%) | Price Action: 31 Oct 2023 Low |
| 2025 Target 2 | 532.45 (+16.71%) | Price Action: 08 Nov 2023 Low |
| 2025 Target 1 | 527.0 (+15.51%) | Price Action: 05 Dec 2023 High |
| Current Price | 456.20 | Tamilnad Mercantile Bank's share price as of 30 Dec 2024 |
| Stop Loss 1 | 439.0 (-3.78%) | Price Action: 18 Oct 2024 Low |
| Stop Loss 2 | 433.95 (-4.88%) | Price Action: 25 Oct 2024 High |
| Stop Loss 3 | 429.09 (-5.95%) | Price Action: Aug 2024 Low |
Long-Term Technical Outlook
52-Week Range Analysis: Tamilnad Mercantile Bank is currently trading at 39.4% of its 52-week range (₹418.1 - ₹514.7).
Long-Term Trend Analysis: The stock is in a bearish long-term trend, trading below key long-term moving averages.
Long-Term Performance: 1-year: -7.68% | 3-year: NA | 5-year: NA
Stay ahead of the market! Get instant alerts on crucial market breakouts. Don't miss out on key opportunities!
Your phone number will be HIDDEN to other users.
Approach 2: Machine Learning By Studying Historical Prices
Tamilnad Mercantile Bank Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹456.20 | ||
| 2024 | ₹451.97 | -0.92% | ₹458.75 |
| 2025 | ₹420.43 | -6.97% | ₹446.43 |
| 2026 | ₹388.42 | -7.61% | ₹427.63 |
| 2027 | ₹363.91 | -6.31% | ₹394.32 |
| 2028 | ₹342.80 | -5.8% | ₹361.01 |
| 2029 | ₹320.05 | -6.63% | ₹338.22 |
| 2030 | ₹290.11 | -9.35% | ₹315.49 |
| 2031 | ₹287.36 | -0.94% | ₹302.74 |
| 2032 | ₹337.23 | +17.35% | ₹342.29 |
| 2033 | ₹327.29 | -2.94% | ₹343.27 |
| 2034 | ₹316.03 | -3.44% | ₹324.51 |
| 2035 | ₹297.02 | -6.01% | ₹312.46 |
| 2036 | ₹336.14 | +13.17% | ₹341.18 |
| 2037 | ₹327.24 | -2.64% | ₹348.54 |
| 2038 | ₹321.61 | -1.72% | ₹335.51 |
| 2039 | ₹322.49 | +0.27% | ₹327.33 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
Tamilnad Mercantile Bank Brief Company Overview
Tambourah Metals Limited: A Rising Star in Mineral Exploration Established in 2020, Tambourah Metals Limited is a dynamic player in the mineral exploration industry, headquartered in Perth, Australia. Diverse Portfolio and Geographic Reach: Engages in exploration and...
development of gold, lithium, nickel, copper, and platinum group elements. Holds interests in numerous projects across Western Australia, covering a significant land area. Commitment to Growth and Innovation: Tambourah Metals is driven by a commitment to: Uncovering new mineral resources. Leveraging its expertise and technology to maximize exploration potential. With a diverse product range and a strategic focus on key mineral assets, Tambourah Metals is well-positioned to capitalize on emerging opportunities in the global mineral markets.Tamilnad Mercantile Bank Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 7,517.72 Crore | Market valuation of Tamilnad Mercantile Bank's shares. |
| Revenue (TTM) | 2,707.63 Crore | Total revenue generated by Tamilnad Mercantile Bank over the past twelve months. |
| Net Income (TTM) | +1,072.03 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +48.48% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +39.59% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
+8.19% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+2.77% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
0.16 | Company's total debt divided by total shareholder equity. |
| Total Debt | 1,301.15 Crore | Sum of Tamilnad Mercantile Bank's current & long-term financial obligations. |
| Total Cash | 3,568.11 Crore | Total amount of liquid funds available to Tamilnad Mercantile Bank. |
Is Tamilnad Mercantile Bank A Good Buy For Long Term?
Tamilnad Mercantile Bank, a midcap stock with a market cap of 7,517.72 Crore, has been observing a positive trend in net profit, which has increased by 2.77% compared to the same quarter last year. However, its recent quarterly report shows a moderate debt level of 1,301.15 Crore. While it maintains a strong cash balance of 3,568.11 Crore, the bank's revenue growth has been marginal at 8.2% compared to the previous quarter. Despite a promising past 12 months return of 14.80%, the current negative returns indicate a need for caution. Considering these factors, Tamilnad Mercantile Bank may be an average buy for long-term investment, but it's advisable to monitor its future performance before making a substantial investment.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
