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Time Technoplast gains as arm ties up with automotive battery manufacturer in Indonesia

Time Technoplast Ltd. | Plastic Products | Chemicals & Fertilizers | BSE: 532856 | NSE: TIMETECHNO

08 Dec 2016 Evaluate

Time Technoplast is currently trading at Rs. 97.30, up by 3.75 points or 4.01% from its previous closing of Rs. 93.55 on the BSE.

The scrip opened at Rs. 95.00 and has touched a high and low of Rs. 98.40 and Rs. 94.00 respectively. So far 84,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 107.80 on 21-Sep-2016 and a 52 week low of Rs. 42.00 on 12-Feb-2016.

Last one week high and low of the scrip stood at Rs. 98.40and Rs. 91.00 respectively. The current market cap of the company is Rs. 2,044.45 crore.

The promoters holding in the company stood at 57.91%, while Institutions and Non-Institutions held 32.94% and 9.15% respectively.

Time Technoplast’s subsidiary- NED Energy has tied up with one of the largest and reputed technology based (Japanese) automotive battery manufacturer in Indonesia. Under the arrangement, the company would market and distribute automotive batteries for four wheelers under its own brand (MAXPOWER) on way to manufacture these batteries locally in future.

The company proposes to target high growth “aftermarket” and leverage upon its distribution channel for industrial batteries. In addition, the company would also be able to offer through this arrangement some specialized batteries which are not included in its present product range.

Time Technoplast is engaged in manufacturing a range of manufacturing polymer packaging products. The product range of the company includes Industrial Packaging- Under this segment the company manufactures drums and containers, PET sheets, conipack pails and buckets.

Time Technoplast Share Price

195.65 -0.05 (-0.03%)

17-Apr-2026 16:59 View Price Chart

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Time Technoplast gains as arm ties up with automotive battery manufacturer in Indonesia

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