Time Technoplast is among the top give gainers on the BSE; the stock price rose 19% to hit an intraday high at Rs.99.60 on the back of an almost 5x jump in volume. Its 52-week high is at Rs.125.90.
The stock price rose after the company announced receipt of a repeat order from Adani Total Gas.
This order, worth Rs.75 crore is for supply of CNG cascades made from Type-IV composite cylinder.
The delivery of these cascades will begin from January 2023.
Time Techno is a leading manufacturer of technology based polymer and composite products.