Shares of this micro-cap company were locked in the upper circuit after receiving multiple orders worth Rs 2,01,35,886!

The shares of the company saw a spurt in volume by more than 4 times BSE.

On Monday, benchmark indices were trading low. BSE Sensex Index and NSE Nifty-50 Index were down over 1 per cent each. On the sectoral front, indices were trading lower. 

Despite being a weak market, shares of TCM Ltd were locked in a 5 per cent upper circuit to Rs 35.38 per share from its previous closing of Rs 33.70. The stock has a 52-week high of Rs 58.10 and a 52-week low of Rs 26.45. 

TCM Ltd informed (BSE script code: 524156) that the company has received 5 orders worth Rs 2,01,35,886 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 makes medical items and GPS-enabled automatic headlight beam assist systems for vehicles under the ENSO brand and operates a solar power plant installation and commissioning company. The shares of the company saw a spurt in volume by more than 4 times BSE. 

Investors should keep an eye on this stock.