Time Technoplast is currently trading at Rs. 73.65, up by 6.30 points or 9.35% from its previous closing of Rs. 67.35 on the BSE.
The scrip opened at Rs. 68.05 and has touched a high and low of Rs. 75.20 and Rs. 68.05 respectively. So far 229466 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 94.50 on 30-Jun-2021 and a 52 week low of Rs. 52.35 on 19-Mar-2021.
Last one week high and low of the scrip stood at Rs. 75.20 and Rs. 66.50 respectively. The current market cap of the company is Rs. 1690.45 crore.
The promoters holding in the company stood at 51.33%, while Institutions and Non-Institutions held 22.52% and 26.14% respectively.
Time Technoplast has received most awaited single largest order of 7,58,814 Nos. cylinders of 10 kg capacity for a value of around Rs 180 crore from Indian Oil Corporation (IOC), to be supplied over the next 12 months. This is for the first time in India that the Public Sector OMC has come out with such a large order for Type-IV LPG Composite Cylinders.
Keeping with the growing demand for LPG Composite Cylinders both domestically and internationally, the company plans to add additional 1.0 Million cylinder manufacturing capacity with a capital outlay of about Rs 90 crore in the period of next 12-15 months.
Time Technoplast is engaged in manufacturing a range of manufacturing polymer packaging products. The company manufactures a range of products such as Industrial and Consumer Packaging Solutions, Lifestyle Products, Auto Components, Healthcare Products and Construction / Infrastructure related products.