Nifty Smallcap 100 Plunges to 14,986 Low: Why Mid- and Small-Caps Are Crashing Harder Than the Market in March 2026

  The Indian stock market witnessed intense selling pressure on March 23, 2026, as mid- and small-cap indices tumbled over 4% amid a broader market crash driven by escalating geopolitical tensions in the Middle East. The Nifty Midcap 100 index has now declined around 13% year-to-date in 2026, reflecting sharp corrections in broader market segments that have outperformed in previous years but are now facing heightened volatility. Sharp Intraday Declines in Midcap and Smallcap Indices The Nifty Smallcap 100 index opened at 15,565.30 on Monday but quickly slipped to an intraday low of 14,986, erasing significant ground in early trade. By the afternoon session, the selling intensified, with the index down over 4% at points during the day. Market breadth was overwhelmingly negative—except for isolated performers like Trident (up around 2.85%), virtually every stock in the Nifty Smallcap 100 traded in the red, signaling widespread panic across smaller companies. Similarly, the Nifty M...
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₹1,300+ Crore Order Surpasses Market Cap – A Stock to Watch!

 


A promising player in the renewable energy sector has made headlines with massive new orders that exceed its market capitalization, making it a compelling stock for investors to monitor. The company has recently signed a ₹1,300 crore MoU with the Government of Madhya Pradesh and secured a significant contract for grid-connected solar power plants

Teerth Gopicon Limited (TGL) has made headlines with massive new orders that exceed its market capitalization, making it a compelling stock for investors to monitor. The company’s recent achievements include a ₹1,500 crore MoU with the Government of Madhya Pradesh and a significant contract from Jaipur Vidyut Vitaran Nigam Limited (JVVNL).

Big Moves in the Renewable Energy Sector

₹1,500 Crore MoU with the Government of Madhya Pradesh

During the Global Investor Summit 2025 in Bhopal, TGL signed a Memorandum of Understanding (MoU) with the New and Renewable Energy Department of Madhya Pradesh.

  • The company aims to invest ₹1,500 crore in setting up a 3 GW Topcon Solar Module Manufacturing and 3 GW Solar Cell Manufacturing facility in the state.
  • This ambitious 3 GW + 3 GW project aligns with India's renewable energy push and solidifies TGL’s position in the solar energy sector.

Order from Jaipur Vidyut Vitaran Nigam Limited (JVVNL)

TGL has also received a Letter of Intent from JVVNL for designing, supplying, installing, and maintaining grid-connected solar power plants with a total capacity of 6.89 MW under the PM-KUSUM Scheme.

Project Details

  • Execution Timeline: 9 months from the work order issuance
  • O&M Period: 25 years
  • Locations: Samrai (2.00 MW), Nipaniya Uda (1.99 MW), Ralayti (1.91 MW), and Brijnagar (0.99 MW) in the Jhalawar and Baran circles
  • Additional Scope: Includes 11 kV lines to connect the plants to 33/11 kV substations and a Remote Monitoring System (RMS)

Stock Performance & Market Trends

Following these developments, TGL shares hit a 5% upper circuit, rising to ₹364.85 per share from the previous close of ₹347.50.

  • 52-Week High: ₹774 per share
  • 52-Week Low: ₹123 per share
  • Market Cap: The new orders exceed the company's market capitalization, highlighting strong growth potential.

Should Investors Watch This Stock?

With a massive ₹1,500 crore investment plan and long-term solar projects, TGL is well-positioned in India’s fast-growing renewable energy sector. While high volatility remains a factor, its strong order book and government-backed contracts make it an attractive high-risk, high-reward stock.

For investors looking at long-term growth in solar energy, Teerth Gopicon Limited (TGL) is a stock worth watching!


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