Multibagger stock: Time Technoplast delivered over 750% returns in just 4 years. Do you own?

livemint.com:

Time Technoplast, a leading manufacturer of polymer products, has seen its shares grow exponentially over the last four years, rewarding its shareholders handsomely. After facing two consecutive years of decline in CY18 and CY19, the company's shares made a sharp recovery in the subsequent year and have consistently maintained an upward trend since then. Over the last four years, the shares have grown from ₹24 apiece to the present trading price of ₹207, translating into a gain of 762%.

Over the last 11 months, the stock finished 10 in green, with June being the biggest monthly gain of 28%, followed by February with a gain of 25%. Also Read: Will the rise in crude oil prices impact the markets in the near term? Recently on February 20, the stock hit a new all-time of ₹233.90 apiece, surpassing its CY18 high of ₹232.80 apiece. On March 19, the company obtained approval from the Petroleum and Explosives Safety Organization (PESO) to manufacture high pressure Type-IV composite cylinder, prototype, for hydrogen.

The Authority has advised us to manufacture a 1° lot of cylinders for their joint testing & inspection. The testing of 1% lot of cylinders shall be completed in approx. six months’ time.

Also Read: Summer stocks: Power, FMCG, consumer durables and 2 other sectors set to soar with rising temperatures "We are the first company in India to have received this manufacturing approval, and this milestone marks a significant step forward in our efforts towards sustainable green energy solutions. With this approval, we are poised to contribute to the advancement of green hydrogen technology and its role in shaping a greener future," the company said in its regulatory filing. Time Technoplast is one of the leading