India's Time Technoplast rises on Q2 profit jump

Time Technoplast

10/11/2023 09:46

** Shares of Time Technoplast  TIME.NS  rise 4.1% to 169.65
rupees
    ** Polymer and composite products maker reported 41.2% Y/Y
jump in Q2 net profit; revenue up 16.6%
    ** Revenue from polymer products and composite products
businesses grew ~14% and ~22% respectively
    ** More than 3.6 mln shares change hands by 2:58 p.m. IST,
1.8x of 30-day avg
    ** Stock last up 2.7%, bumping YTD gains to 86.2%

 (Reporting by Ashish Chandra in Bengaluru)
 ((ashish.chandra@thomsonreuters.com (+91 7982114624))