{"id":136580,"date":"2024-10-16T17:03:05","date_gmt":"2024-10-16T11:33:05","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=136580"},"modified":"2024-10-16T17:03:07","modified_gmt":"2024-10-16T11:33:07","slug":"stock-jumps-8-after-receiving-order-from-mahindra-group-for-solar-power-plant","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/stock-jumps-8-after-receiving-order-from-mahindra-group-for-solar-power-plant\/","title":{"rendered":"Stock jumps 8% after receiving order from Mahindra group for\u00a0solar power plant"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1228943716\"><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>Shares of this micro-cap chemical and solar equipment company surged nearly 8% after receiving an EPC contract for a 90 KWp solar power plant project from Mahindra Group for Rs. 37.89 lakhs.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3496704866\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Share price variations:&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 45.62 crores, <strong><a href=\"https:\/\/portal.tradebrains.in\/stocks\/524156\" target=\"_blank\" rel=\"noreferrer noopener\">TCM Ltd<\/a><\/strong>. rose to an intraday high of Rs. 62.21 representing a 7.74 percent increase from its previous closing price of Rs. 57.74 per share.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Reason for the Rise:&nbsp;<\/strong><\/h2><p>According to exchange filings, TCM Ltd. has received a works order for the design, supply, installation, and commissioning of 90 KWp grid-connected SPV Power Plants at Club Mahindra Resort, Arookutty, Kerala from Mahindra Holidays and Resorts India Limited for Rs. 37.89 lakhs.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Recent Contracts Received:&nbsp;<\/strong><\/h2><p>In October, the company secured a works order from Mahindra Holidays and Resorts India Limited, for the design, supply, installation, and commissioning of a 300 KWp Grid connected to SPV Power Plants at Club Mahindra Resort, Cherai Beach for Rs. 1.26 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2450493905\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance:&nbsp;<\/strong><\/h2><p>In Q1 FY25, the company&#8217;s net loss widened to Rs. 1.09 crore from Rs. 0.77 crore in Q1 FY24, while revenue from operations declined by 27.57 percent to Rs. 5.28 crore, down from Rs. 7.29 crore during the same period.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the company:&nbsp;<\/strong><\/h2><p>Incorporated in 1943, TCM Ltd specializes in manufacturing chemicals and trading solar equipment and healthcare devices. The company operates two chemical plants in Mettur and Tuticorin, producing a range of organic and inorganic chemicals, including fungicides, herbicides, barium and strontium salts, strontium nitrate, sodium sulfide, and other derivatives.&nbsp;<\/p><p>Through its subsidiaries, TCM supplies healthcare products under TCM Healthcare and serves the solar energy market via TCM Solar, which has<\/p><p>completed over 250 projects, primarily in southern India. The company also has a presence in the education sector, international trading, and aquaculture.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written By<\/strong>: <strong>Joseph Pv\u00a0<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" 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 <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-3344145910\"><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>Shares of this micro-cap chemical and solar equipment company surged nearly 8% after receiving an EPC contract for a 90 KWp solar power plant project from Mahindra Group for Rs. 37.89 lakhs.&nbsp; Share price variations:&nbsp; With a market capitalization of Rs. 45.62 crores, TCM Ltd. rose to an intraday high of Rs. 62.21 representing a [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":22702,"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":[948,936,2597,23387,14559,14558],"class_list":["post-136580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-stock-market","tag-stock-market-news","tag-stocks-to-watch","tag-tcm","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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