This small-cap company receives an order worth Rs 134 crore!
The stock has a 52-week high of Rs 125.90 and a 52-week low of Rs 63.10.
Today, shares of Time Technoplast Ltd rose 4.10 per cent to an intraday high of Rs 87.40 per share from its previous closing of Rs 83.95. At 03:30 pm, shares of the company ended the day high, up 2.08 per cent to Rs 85.70 per share.
Recently, Time Technoplast informed that the Company has received their single largest order from one of the leading city gas distribution companies Maharashtra Natural Gas Limited (a joint venture of GAIL (India) and BPCL) for the supply of CNG cascades made from Type - IV Composite Cylinders, for a total value of INR 134 crore (approx.) to be supplied within a 1-year period.
Time Technoplast is a multinational conglomerate having a market cap of Rs 1,939 crore. The company is involved in the manufacturing of technology and innovation-driven polymer & composite products.
The company recently released its December Quarterly Results (Q3), wherein the number was significantly high compared to the same quarter last year. In Q3FY23, net sales and net profit both rose by 19.75 per cent and 14.55 per cent respectively over Q3FY22. In FY22, net sales rose by 21.47 per cent and net profit rose by 81.13 per cent over FY21.
The stock has a 52-week high of Rs 125.90 and a 52-week low of Rs 63.10. Investors should keep this stock under their radar.