Research ReportsTime Technoplast Gets Motilal Oswal's 'Buy' Initiation On Improving Return Ratios, Attractive Valuations
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Time Technoplast Gets Motilal Oswal's 'Buy' Initiation On Improving Return Ratios, Attractive Valuations
Motilal Oswal's believes Time Technoplast can rally 41% on positive stance is backed by the company’s strong growth prospects, improving return ratios and attractive valuation.
Time Technoplast high focus on value-added composite products having strong growth potential and margins. (Source: Company website).
Considering Time Technoplast's strong growth prospects, improving return ratios and attractive valuation (~16x FY27E P/E), Motilal Oswal initiates coverage on the company with a Buy rating and a target price of Rs 578 (41% upside), based on 22x FY27E P/E (close to sector average).