Time Technoplast has target of Rs 75, says Kamlesh Kotak, Vice President-Research, Asian Markets Securities Private Limited.
Kotak told CNBC-TV18, "Time Technoplast is a plastic polymer engineering company which has grown at 37% CAGR over last five years. Now what is unique about this company is they have got fairly diversified presence across nine countries and 22 plants; adding nine more plants in the next two years."
He further added, "The new generation products which the company is launching like composite LPG cylinders, solar batteries, and folding packaging systems are going to rail the future growth for the company. Again the crude oil prices softening will be having a direct bearing from the raw material cost which will expand the margins for the company. We are seeing the stock to be heading towards Rs 75 target over the near-term."
