Stock under Rs 40: This small-cap company has received orders worth Rs 73,97,000!

The stock has a 52-week high of Rs 58.10 and a 52-week low of Rs 26.45.  

TCM Ltd informed the exchange (BSE script code: 524156) that it has received 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 a 130-kW work order worth Rs 73,97,000 site of installation- Sree Chitra Tirunal Medical & Research Centre, BMT Wing, Poojappuram, Thiruvananthapuram which is to be completed in 45 days from the date of the contract. Total 130 kW at one location Rs 73,97,000.  

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 shareholding pattern of the company is as follows- 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 surged 2.20 per cent to Rs 32.51 per share from its previous closing of Rs 31.81 with an intraday high of Rs 33.50 and low of Rs 31.50. The stock has a 52-week high of Rs 58.10 and a 52-week low of Rs 26.45.