Tamilnad Mercantile Bank Limited (TMB.NS) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-09-02). See the full ratio breakdown and business-activity screen below for the reasoning.
⚠️ Financial ratios are only half the screen, and this verdict does not rest on them. Our business-activity screen classifies Tamilnad Mercantile Bank Limited under conventional finance, which is an excluded sector — so the verdict is non-compliant even though some ratios below pass. Business activity is a hard gate that ratio math never captures.
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Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.
The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.
| Indicator | Value | Signal |
|---|---|---|
| RSI (14) | 56.80 | NEUTRAL |
| Stochastic %K (14) | 52.35 | NEUTRAL |
| CCI (20) | 48.15 | NEUTRAL |
| Williams %R (14) | -47.65 | NEUTRAL |
| MACD (12,26,9) | -0.49 | SELL |
| ROC (10) | 1.91 | BUY |
| Momentum (10) | 17.05 | BUY |
| EMA (10) | 914.37 | SELL |
| SMA (10) | 919.18 | SELL |
| EMA (20) | 898.84 | BUY |
| SMA (20) | 892.86 | BUY |
| EMA (30) | 883.66 | BUY |
| SMA (30) | 883.08 | BUY |
| EMA (50) | 855.19 | BUY |
| SMA (50) | 852.85 | BUY |
| EMA (100) | 794.30 | BUY |
| SMA (100) | 785.55 | BUY |
| EMA (200) | 692.19 | BUY |
| SMA (200) | 684.31 | BUY |
Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.
Financial Services · Banks - Regional
Tamilnad Mercantile Bank Limited provides banking and financial products and services in India. It operates through the Treasury, Corporate and Wholesale Banking, Retail Banking, and Other Banking Operations segments. The company offers savings, fixed, recurring, term deposit, and current accounts; debit and credit cards; and demat and equity trading accounts, mutual fund, insurance, portfolio management, online bill payment, sovereign gold bond scheme, forex, e-tax payment, e-stamping, SMS alert, POS terminal, and Internet and mobile banking services. It also provides home, car, two wheeler, personal, LAP, pension, gold overdraft, education, jewel, traders and services, MSME, vyapari, GST, commercial vehicles, rice and dhall mill, Mahalir, doctor, genset, pharma and healthcare, green energy, smart business, and agricultural loans, as well as loans against sovereign gold bonds and secured overdraft facilities; NRI products; and microenterprise and pharma finance. The company was formerly known as The Nadar Bank Ltd. and changed its name to Tamilnad Mercantile Bank Limited in November 1962. Tamilnad Mercantile Bank Limited was incorporated in 1921 and is headquartered in Thoothukudi, India.
Background via Yahoo Finance — informational, not part of the verdict.
Peer movement computing — it will appear here on its own.
NO DATA 0 buys · 0 sells
NEUTRAL report date 2026-09-01 · Asset managers net 934180 (-19048)
Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.