This small-cap stock below Rs 150 is soaring on Thursday afternoon!

The scrip touched a fresh 52-week high and is currently up by 12.17 per cent.

Time Technoplast Ltd (Time Tech) is a multinational conglomerate with operations in Bahrain, Egypt, Indonesia, India, Malaysia, U.A.E, Taiwan, Thailand, Vietnam, Saudi Arabia and the USA is a leading manufacturer of polymer products. The company’s portfolio consists of technically driven innovative products catering to growing industry segments like Industrial Packaging Solutions, Lifestyle Products, Automotive Components, Healthcare Products, Infrastructure/Construction related products, Material Handling Solutions and Composite Cylinders. 

Financial Highlights: 

In Q1FY23, revenue climbed by 25.2 per cent YoY to Rs 944.47 crore from Rs 754.36 crore in Q1FY22. PBIDT (Ex OI) was reported at Rs 123.6 crore, up by 22.96 per cent as compared to the same quarter of the previous year which was Rs 100.52 crore. PAT was reported at Rs 45.24 crore, an increase of 54.72 per cent from Rs 29.24 crore in the same quarter of the last year. 

Stock price: 

The stock price of this Small-Cap company rallied by 12.17 per cent and the scrip touched a fresh 52-week high of Rs 121.65 and it has a 52-week low of Rs 63.10. The stock outperformed the sector by 10.38 per cent and the stock has been gaining for the last 4 days and has given 14.66 per cent returns in the period. At 12:20 pm, the stock is trading at Rs 119.95.