Time Technoplast Faces Continued Stock Decline Amid Broader Market Weakness

Time Technoplast, a midcap player in the plastic products industry, has experienced significant volatility in its stock performance today, recording a decline of 7.43% on February 12, 2025. This drop marks a continuation of a downward trend, as the stock has now fallen for four consecutive days, accumulating a total decline of 12.2% during this period.
Opening the day with a gap down of 3.71%, Time Technoplast reached an intraday low of Rs 356.4. Throughout the trading session, the stock has remained at this price level, indicating a lack of upward momentum. In comparison to the broader market, represented by the Sensex, Time Technoplast has underperformed, with its one-day performance lagging behind the index's decline of just 0.32%.

Additionally, the stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend in its short to long-term performance. Over the past month, Time Technoplast has seen a notable decline of 19.04%, contrasting sharply with the Sensex's modest drop of 1.72%.