Time Technoplast Ltd up by 5.15 percent | Espresso Market Updates

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Espresso Shot of the Day - Time Technoplast Ltd up by 5.15 percent

May 09, 2022
Espresso Shot of the Day - Time Technoplast Ltd up by 5.15 percent

TIME TECHNOPLAST LTD 106.25  (+5.15%) BSE – INE508G01029 | 09THMAY 2022

https://www.myespresso.com/images/Binge-graph-image_TIME-TECHNOPLAST-LTD-202205091827133302119.jpg

Time Technoplast Ltd (Time Tech) is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia & USA IS a leading manufacturer of polymer products. The company's portfolio consists of technically driven innovative products catering to growing industry segments like Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure/ Construction related products, Material Handling Solutions & Composite Cylinders. Time Tech group operates more than 34 production facilities across the globe and is recognized for its innovative plastic products. Since its inception in 1992, Time Tech has set itself apart from its competition by focusing on research and development, futuristic product designing and superior customer service by setting up 28 manufacturing units & 8 regional and marketing offices to meet the growing demand of Indian customers & further to fill the need gap for global customers. Time Tech is promoted by qualified professionals with decades of experience who believe in working hard for the company, its customers, its suppliers, its employees and its shareholders.


Recent Drivers

  • On May 05, 2022, the company signed a Memorandum of Understanding (MOU) with TESLA POWER USA INC for orders worth Rs.100 crores (appx).
  • On Apr 11, 2022, the company said that its board has approved restructuring overseas business.
  • On Mar 04, 2022, the company bagged an order for supply of 7,58,814 units of cylinders of 10 kg capacity for a value of approximately Rs.180 crore from Indian Oil Corporation (IOCL).
  • On Feb 15, 2022, the company reported Net Sales at Rs.941.97 crores in December 2021, up 12.84% from Rs.834.81 crores in December 2020.
  • On Feb 15, 2022, the company reported a Quarterly Net Profit of Rs.53.72 crore in December 2021, up 39.71% from Rs.38.45 crores in December 2020.
 (Sources: Moneycontrol, BSE, Business Standard) 
                                                                                         

Technical Force*

  • S&P BSE SmallCap month till date gain up by -6.89%
  • Traded on new 52-week high value 109.30
  • Spurt in Volume by more than 2.48 times compared to the previous vol. 3 months avg. volume: 3,16,806
  • Quantity traded: 6, 71,518 | Deliverable Quantity: 3, 56,912 (53.15%)
  • Stock price jumped by more than 70% from a one-year low level: 63.10 (Feb 24, 2022)
  • Daily RSI (14) is nearby Overbought territory today
  • 52-week-high: 109.30 | 52-week-low: 63.10


Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

142.67

118.58

97.27

73.18

51.87

27.78

6.47

    -

Fibonacci Pivot

118.58

101.24

90.53

83.63

73.18

62.74

55.84

45.13

27.78


Today’s Close

106.25

SMA

BSE

10 DAY

98.49

20 DAY

93.73

50 DAY

79.41

200 DAY

77.01


Some Key Ratios (Source: BSE)

Market Cap: 2,402.81 Crores

PE: 24.21

OPM%: 14.30

ROE%: 6.67

Promoters holding%: 51.33

Prev. Close: 101.05


*Chart and Technical Force data from the Binge desktop app
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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.