Tamilnad Mercantile Bank: Should buy, sell or hold after muted listing?

Tamilnad Mercantile Bank: Should buy, sell or hold after muted listing?

(TMB) made a muted debut at Dalal Street on Thursday and further disappointed the investors on the day, when Nifty Bank topped record highs. The century-old private lender was listed at Rs 510 on BSE, exactly the issue price, whereas its debuted at a discount of 3 per cent Rs 495 on National Stock Exchange … Read more