Time Technoplast’s Rerating Likely To Continue: ICICI Securities

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..ICICI Securities Report.Recent developments in Time Technoplast Ltd. augur well for the sustainability of its earnings. The developments are -1. Recent order win of Rs 416 million from a leading gas distribution company (outstanding orderbook now at Rs 536 million) for the company’s newly launched product ‘compressed natural gas cascades with Type-IV carbon fiber composite cylinder’, which falls under the value-add product segment (Time Technoplast is the only company to have received Petroleum and Explosives Safety Organization approval for the product);2. Likely PESO approval for its CNG cylinder for onboarding on vehicles, which would allow the company to sell directly to vehicle original equipment manufacturers; and3. Revocation of pledge shares by promoter companies to 4.2% from 17.8% over the last three to four months..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Time Technoplast’s Rerating Likely To Continue: ICICI Securities

Time Technoplast’s Rerating Likely To Continue: ICICI Securities

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