TCM climbs on bagging work order from Mahindra Holidays and Resorts India
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TCM is currently trading at Rs. 50.41, up by 3.88 points or 8.34% from its previous closing of Rs. 46.53 on the BSE.
The scrip opened at Rs. 46.00 and has touched a high and low of Rs. 54.75 and Rs. 46.00 respectively. So far 67556 shares were traded on the counter.
The BSE group 'X' stock of face value Rs. 10 has touched a 52 week high of Rs. 66.97 on 09-May-2024 and a 52 week low of Rs. 39.26 on 16-Aug-2024.
Last one week high and low of the scrip stood at Rs. 54.75 and Rs. 43.50 respectively. The current market cap of the company is Rs. 37.54 crore.
The promoters holding in the company stood at 49.51%, while Institutions and Non-Institutions held 7.44% and 43.05% respectively.
TCM has received the work order from Mahindra Holidays and Resorts India for the Design, Supply, Installation and Commissioning of 300 KWp Grid connected SPV Power Plants at Club Mahindra Resort, Cherai Beach. The work is to be completed within 60 days. Broad consideration or size of the order is Rs 1.26 crore.
TCM is engaged in the manufacture of of Potassium Chlorate – a vital raw material for the match Industry. In course of time the company diversified into a number of chemicals and established factories at Kalamassery in Kerala.
