Time Technoplast Faces Continued Decline Amid Broader Sector Challenges

Time Technoplast Ltd., a midcap player in the plastic products industry, has faced notable challenges recently, with a decline of 6.86% on January 13, 2025. This marks the fourth consecutive day of losses, totaling a significant 15.46% drop over this period. On this trading day, the stock reached an intraday high of Rs 431.95, reflecting a modest increase of 2.06%, while it also hit a low of Rs 397.55, indicating a decrease of 6.07%. In comparison to the broader market, Time Technoplast underperformed, as the Sensex fell by 1.44%. Analyzing its moving averages, Time Technoplast's stock is currently positioned above its 200-day moving average but below its 5-day, 20-day, 50-day, and 100-day moving averages. The overall plastic products sector has experienced a decline of 4.9%. Over the past month, Time Technoplast has seen a substantial drop of 19.96%, contrasting with the Sensex's decline of 7.14%.