Time Technoplast Share Price Update

On Thursday, shares of Time Technoplast closed at Rs 297.10 on the BSE, showing a flat performance for the day. The stock opened at a higher price of Rs 301 in the same trading session.

The company’s market capitalization was recorded at Rs 6,742 crore. During the session, a total of 0.22 lakh shares were traded, resulting in a turnover of Rs 66.96 crore on the BSE.

Significant Development: PESO Approval

Today, Time Technoplast is making headlines due to a significant announcement.

The company, known for its plastic products, has received final approval from the Petroleum and Explosives Safety Organization (PESO) for the production and supply of high-pressure type-IV composite cylinders for hydrogen.

This approval marks a pivotal step for the company in expanding its product offerings and entering the burgeoning hydrogen market.

Stock Performance Metrics

Moving Averages

Time Technoplast’s shares are currently trading above several key moving averages. Specifically, the stock is higher than its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages.

This indicates a strong upward trend and suggests that the stock has been performing well over various time frames.

Yearly and Year-to-Date Performance

Over the past year, Time Technoplast’s shares have experienced a remarkable rally, gaining 142.73%. Additionally, the stock has risen by 60.51% in 2024 alone.

These substantial gains highlight the company’s robust performance and investor confidence in its growth prospects.

Technical Analysis

Relative Strength Index (RSI)

In terms of technical indicators, the Relative Strength Index (RSI) of Time Technoplast is currently at 58.7.

The RSI is a momentum oscillator that measures the speed and change of price movements.

An RSI value of 58.7 indicates that the stock is neither in the overbought nor in the oversold zone.

This neutral RSI suggests a balanced trading sentiment, with no immediate signals of excessive buying or selling pressure.


Time Technoplast’s stock performance on Thursday reflects stability with a closing price of Rs 297.10, despite opening at a higher price of Rs 301.

The company’s market cap stands at Rs 6,742 crore, with significant trading activity amounting to a turnover of Rs 66.96 crore on the BSE.

The notable approval from PESO for manufacturing and supplying high-pressure type-IV composite cylinders for hydrogen positions Time Technoplast strategically in the growing hydrogen sector.

This development is likely to bolster the company’s market position and drive future growth.

The stock’s upward trajectory is evident from its performance above multiple moving averages and its impressive gains over the past year and year-to-date.

The RSI value of 58.7 further supports a balanced trading environment, indicating neither overbought nor oversold conditions.

Investors and market analysts will be closely watching Time Technoplast’s next moves, particularly in light of its recent PESO approval and its ongoing strong performance metrics.

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