Time Technoplast soars on bagging repeat order from Adani Total Gas for supply of CNG Cascades
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Time Technoplast is currently trading at Rs. 91.60, up by 7.75 points or 9.24% from its previous closing of Rs. 83.85 on the BSE.
The scrip opened at Rs. 93.30 and has touched a high and low of Rs. 99.60 and Rs. 89.35 respectively. So far 223281 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. 63.10 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 99.60 and Rs. 77.25 respectively. The current market cap of the company is Rs. 1896.24 crore.
The promoters holding in the company stood at 51.33%, while Institutions and Non-Institutions held 17.05% and 31.63% respectively.
Time Technoplast has received prestigious repeat order from Adani Total Gas for supply of CNG Cascades made from Type-IV Composite Cylinder for a total value of Rs 75 crore approximately. The delivery of these cascades will begin from January 2023.
Earlier, Time Technoplast’s wholly owned subsidiary -- GNXT Investment Holdings, Singapore had incorporated a new subsidiary namely ‘Abhi Investment Holding’ Company in Singapore.
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.
