🧠 At a Glance
Trom Industries Ltd, fresh from announcing a strategic MoU with Hermes Technologies, saw its stock nosedive 15% today. The JV was meant to:
- Build EV charging infra
- Deploy IoT-based smart city solutions
- Tap into public mobility & automation sectors
But instead of charging up, Trom just got short-circuited.
🛠️ What Did Trom Actually Announce?
- 📜 Signed a non-binding MoU with Hermes Technologies Pvt Ltd
- 🎯 Objective: Form a joint venture company
- 🔋 Focus: EV Charging, IoT automation, smart infra deployment
- 🏛️ Clients: Targeting state bodies, urban municipalities, smart cities, and PSU tenders
- 🌍 Global Ambition: Mentioned expanding into MEA & ASEAN (because why not?)
But let’s be clear — no order, no capex plan, no revenue forecast.
📉 Market Reaction: From “Trom Trom Boom” to “Trom Trom Doom”
| Date | CMP | % Move |
|---|
| June 3 | ₹196 | –15% |
Investors
