Stock under Rs 40: This micro-cap company has received 5 orders worth Rs 2,01,35,886!

The shares of the company saw a spurt in volume by more than 3.14 times BSE.

TCM Ltd informed the exchange (BSE script code: 524156) that it has received 5 orders from Agency for New and Renewable Energy Research and Technology (ANERT), Department of Power, Government of Kerala for the design, supply, installation and commissioning of grid connected SPV power plants in public buildings at Thiruvananthapuram under Solar City Project.

The orders include 143 kw - Rs 82,64,926 one work order at Lakshmibai National College of Physical Education, 100 kw - Rs 58,34,809 one work order at O/o Principal Accountant General (A & E), Kerala, 70 kw - Rs 41,92,590 one work order at Sree Chitra Tirunal Institute for Medical Sciences and Technology, Medical College Campus and 30 kw - Rs 18,43,560 one work order at GST Bhavan. Total 343 kW at five locations Rs 2,01,35,886.

TCM Ltd manufactures medical products, GPS-enabled automatic headlight beam assist systems for vehicles under the brand name of ENSO and the business of setting up and commissioning solar power plants. The shares of the company saw a spurt in volume by more than 3.14 times BSE.

The shareholding pattern of the company where promotors hold a 47.25 per cent stake, DIIs hold a 10.03 per cent stake and the rest is owned by the general public which is 42.72 per cent as of December 2022.

Today, shares of TCM Ltd plummeted 3.71 per cent to Rs 33.70 per share from its previous closing of Rs 35 with an intraday high of Rs 36.70 and low of Rs 33.30. The stock has a 52-week high of Rs 58.10 and a 52-week low of Rs 26.45. Investors should keep an eye on this stock.