Introduction

Time Technoplast Ltd. engages in the manufacture and sale of plastic products. It operates through the Polymer Products and Composite segments. The firm's products include industrial packaging, technical products, material handling and composite cylinder.

Observation

As we can see stock make higher high higher low with good trading volume and RSI trade above all the EMA. On day gap up opening with huge trading volume. Bullish crossover on may 2023. Breakout level is 357 after breakout stock also retracement done.

Let's touch fundamentals

• ROCE - 15.6%
• ROC -12.5%
• Debt to equity - 0.32
• PE - 29.8
• Promoter Holding - 51.60% 
  
• Public holding - 30.67%
• Promoter Holding Pledge -Zero
  

• Daily Chart
• HH,HL

News of the day

1. Reliance Industries recorded a drop in its consolidated attributable net profit to 165.63 billion Indian rupees in the fiscal second quarter ended Sept. 30 against 173.94 billion rupees a year ago.Earnings per share contracted to 24.48 rupees compared with 25.71 rupees, according to a filing to the stock exchanges by the Indian oil-to-telecom conglomerate.Revenue from operations in fiscal Q2 inched up to 2.355 trillion rupees from 2.350 trillion rupees a year earlier.

2. HCL Technologies is likely experiencing broad-based growth improvement, HDFC Securities analysts say in a research report as they raise the stock's target to INR1,900.00 from INR1,825.00. The IT consulting company posted stronger-than-expected growth in 2Q FY 2025, partly driven by a surge in license revenue at its software division that will be reflected more meaningfully in 3Q, the analysts say. Given its 2Q revenue outperformance, the Indian company has tweaked revenue growth guidance to 3.5%-5.0% from 3.0%-5.0%, the analysts note. Factors including strong demand for 'SAP' services and renewals are driving growth, the analysts add. They keep an add rating on shares, which are 0.3% higher at INR1,862.00.

3. Adani Group promoters have released a significant portion of their pledged shares across three of its listed companies—Adani Energy Solutions Ltd, Adani Green Energy Ltd, and Adani Ports & SEZ Ltd—during the September quarter.Meanwhile, an increase in promoter pledging was observed in two other group entities, Adani Enterprises and Adani Power.

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Tue Oct 15, 2024