{"id":114078,"date":"2023-11-21T14:33:34","date_gmt":"2023-11-21T09:03:34","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=114078"},"modified":"2023-11-21T14:35:03","modified_gmt":"2023-11-21T09:05:03","slug":"penny-stock-hit-5-upper-circuit-after-it-announced-the-development-of-9-acres-of-land","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/penny-stock-hit-5-upper-circuit-after-it-announced-the-development-of-9-acres-of-land\/","title":{"rendered":"Penny stock hits 5% upper circuit after it announced the development of 9 acres of land\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1613953550\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Penny Stock with diversified businesses hit a 5 percent upper circuit in the day\u2019s trade after it announced that it is going to sign a joint development agreement, to develop 9 acres of land.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1254907525\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/524156\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">TCM Limited<\/a><\/strong> hit a 5 percent upper circuit in the day\u2019s trade at Rs. 44.11 and its market capitalization is Rs. 33 Crores.\u00a0<\/p><p>As per the company\u2019s filing on BSE, TCM Limited has announced that it is going to sign the joint development agreement, shareholders agreement, and memorandum of deposit of title deeds with Asset Homes TCM Townships Private Limited for the Joint Development of up to 9 Acres of the company\u2019s land.&nbsp;<\/p><p>It has reported a jump in revenue from operations of Rs. 1.02 Crore in Q2FY23 to Rs. 5.04 Crore in Q2FY24, accompanied by a loss of Rs. 0.64 Crore to Rs. 1.65 Crore.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2682246793\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>It has reported negative return ratios i.e. return on equity (ROE) of -13.02 percent and a return on capital employed (ROCE) of -8.09 percent. It has generated negative returns due to the increase in its material cost.&nbsp;<\/p><p>According to the latest shareholding data available for the quarter ended September 2023, the company\u2019s Promoters hold 49.51 percent stake, the Foreign Institutional Investors (FII) hold 0.00 percent and the Domestic Institutional Investors hold 7.71 percent.&nbsp;<\/p><p>TCM Limited is engaged in the business of trading and manufacturing medical products, headlight beam assist systems, auto care parts, healthcare devices, etc.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Bharath K.S<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-97900716\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Penny Stock with diversified businesses hit a 5 percent upper circuit in the day\u2019s trade after it announced that it is going to sign a joint development agreement, to develop 9 acres of land.&nbsp; The shares of TCM Limited hit a 5 percent upper circuit in the day\u2019s trade at Rs. 44.11 and its market [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[9610,948,936,14559,14558],"class_list":["post-114078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-penny-stock","tag-stock-market","tag-stock-market-news","tag-tcm-latest-news","tag-tcm-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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