India's Time Technoplast up after approval for manufacturing composite cylinders

Time Technoplast

03/04/2023 06:00

** Shares of Time Technoplast  TIME.NS  rise as much as
6.49% to 82 rupees, mark sharpest intraday pct gain since Feb.
21
    ** Stock on track for fourth consecutive session of gain, if
trend holds
    ** Co on Saturday said it received approval from Petroleum
and Explosives Safety Organization for manufacturing of
composite cylinders for oxygen and breathing air
    ** Stock's moving average convergence divergence line has
been above the signal line since Mar. 31, indicating a bullish
bias
    ** More than 864,000 shares change hands by 10:18 a.m. IST
vs 30-day avg of 932,622 shares
    ** One analyst covering the stock has a "hold" rating;
median PT is 95 rupees - Refinitiv data
    ** Stock down 14.35% YTD, as of last close


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