India's Time Technoplast jumps on repeat order from Adani Total Gas

Time Technoplast

27/12/2022 04:58

** Shares of polymer and composite products maker Time
Technoplast  TIME.NS  rise as much as 18.9% to 99.8 rupees,
biggest intraday pct gain since November 2021
    ** Shares hit highest level since Dec. 1
    ** Co late on Monday said it got a repeat order from Adani
Total Gas  ADAG.NS  for the supply of CNG Cascades for a total
value of 750 mln Indian rupees ($9.1 million)
    ** Stock on Tuesday breached key 50-day and 200-day moving
avgs, set to close above them if gains hold
    ** About 3 million shares changed hands as of 9:36 a.m. IST,
2.7x the 30-day avg of 1.1 million shares
    ** Stock up 10.3% YTD up to last close
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))