India's Time Technoplast jumps on nod to make specialised hydrogen cylinders

Time Technoplast

21/06/2024 11:06

** Shares of Time Technoplast  TIME.NS  rise as much as
18.5% to a record high of 352.25 rupees, before settling nearly
13% higher     
    ** Co received final approval from Petroleum and Explosives
Safety Organization for manufacturing and supply of high
pressure type-IV composite cylinder for hydrogen
    ** TIME says first in the country to get final approval for
such cylinders
    ** Stock set for best day since March-end
    ** Nearly 18 mln shares traded, 10x their 30-day avg
    ** Stock up about 90% YTD; it nearly doubled in 2023 

 (Reporitng by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))