Time Technoplast gains as Grandeur Peak International buys 75 lakh shares

Time Technoplast is currently trading at Rs 46.80, up by 0.60 points or 1.30% from its previous closing of Rs. 46.20 on the BSE. The scrip opened at Rs 46.90 and has touched a high and low of Rs 47.70 and Rs 45.90 respectively. So far 65501 shares were traded on the counter. The BSE group 'B' stock of face value Rs 1 has touched a 52 week high of Rs 48.00 on 03-Jun-2014 and a 52 week low of Rs 27.50 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs 48.00 and Rs 40.00 respectively. The current market cap of the company is Rs 979.15 crore. The promoters holding in the company stood at 61.92% while Institutions and Non-Institutions held 19.46% and 18.62% respectively. Grandeur Peak International Opportunities Fund has bought 75,00,000 shares of  Time Technoplast  at a price of Rs 44 per share on the NSE on June 2,2014. Meanwhile, Core International FZC sold 73, 00,000 shares of  Time Technoplast at price of Rs 44.02. Time Technoplast is the leading plastic product company based in India and is engaged in manufacture of technology based innovative products in the space of industrial packaging, infrastructure, lifestyle , automobile, healthcare , material handling and composites. It has expanded its operations outside of India in UAE, Bahrain, Thailand, China, Taiwan and Indonesia. The company is also expanding its operations in South Korea, Vietnam, Turkey and Egypt.