Time Technoplast is currently trading at Rs. 82.61, up by 1.06 points or 1.30% from its previous closing of Rs. 81.55 on the BSE.
The scrip opened at Rs. 82.74 and has touched a high and low of Rs. 83.50 and Rs. 81.49 respectively. So far 20689 shares were traded on the counter.
The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 125.90 on 02-Sep-2022 and a 52 week low of Rs. 69.55 on 27-Mar-2023.
Last one week high and low of the scrip stood at Rs. 87.42 and Rs. 81.20 respectively. The current market cap of the company is Rs. 1884.25 crore.
The promoters holding in the company stood at 51.47%, while Institutions and Non-Institutions held 16.22% and 32.31% respectively.
Time Technoplast has entered into Share Subscription and Shareholders’ Agreement (SSSA) and Power Purchase Agreement (PPA) with FPEL Phoenix, a Special Purpose Vehicle promoted and incorporated by Fourth Partner Energy for setting up captive solar power project to procure 4.3 MWp for the factories located in the State of Karnataka. In terms of the SSSA, the Company has agreed to subscribe to around 6.05% of the issued and paid-up capital for a total consideration of Rs 1.50 crore. The company will save minimum around Rs 0.5 crore per annum in electricity cost due to participation in Group Captive Solar Power scheme.
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.