TPL Plastech Share Price gains over 7% in Trade Today

TPL PLASTECH LIMITED was incorporated in the year in 1995, and it grown steadily ever since to become the second largest manufacturer of drums, especially Bulk Packaging i.e. 210 Ltr to 250 Ltr capacities. Today, the company’s portfolio consists of a comprehensive range of narrow mouth, wide mouth and open top drums ranging from 25 Ltr to 250 Ltr capacity.

The company focuses on Corporate Governance as a major driver of sustainable corporate growth and a powerful means to achieve the company’s goal of maximizing value for all its stakeholders. Strong corporate governance strengthens investors’ trust and facilitates the company to fulfill its commitment towards the customers, employees and the society in general.

It is the strong Fundamentals of the company and its belief in corporate governance that has taken the TPL Plastech share price on a high ride today.The stock has gained over 7 per cent in the morning trade today to trade at the intraday high of Rs. 444.90 at NSE.

The company had posted an almost flat net profit for the September quarter of the ongoing financial year, but the year on year growth in its EPS is evident. In the Q2FY16, the company had posted the EPS of Rs. 3.02 while in Q2FY17 the EPS had grown to Rs. 3.47. The EPS growth is clearly indicating that the company has gained profitability in a year’s time. There is also a little rise in its employee cost in Q2FY17 indicating they have paid higher to their employees or have hired some.

TPL Plastech share price had been on an upward spree for over a month now. From 23^rd November till today, the stock has gained a stunning 37 per cent from Rs. 323 to Rs. 444.10 at which it was trading at 11:53 AM. For more details on the stock, kindly drop by at TPL Plastech share price history of Dynamic Levels website

TPL Plastech Share Price breaches Upper Circuit

TPL Plastech share price breached its upper circuit in today’s trading session and closed trading at Rs.437.15. The share price opened at Rs 360.00 from a previous closing of Rs 364.45. A total of 146085 shares of the company have exchanged hands on the counter of NSE in today’s trade against the 20 days average volume of 17494. The 20 days daily average volume is 17494.

Recent Activities of the TPL Plastech Shares

• 22 Nov 2016- Spurt in Volume by more than 3.92 times
• 22 Nov 2016- Breached Upper Circuit Rs. 351.60 
• 23 Nov 2016- Spurt in Volume by more than 3.57 times
• 29 Nov 2016- Breached Upper Circuit Rs. 436.65

The Highs and Lows of TPL Plastech Share Price:

52 Week High (Rs.)	560.00 (17-May-16)
52 Week Low (Rs.)	156.00 (29-Feb-16)
Life Time high (Rs.)	560.00 (17-May-16)
Life Time low (Rs.)	156.00 (29-Feb-16)

TPL Plastech, since its inception in the year 1995, has grown steadily to become the second largest manufacturer of drums, especially Bulk Packaging that is 210 Ltr to 250 Ltr capacities.

The company, being the part of one of the leading plastic processing group in the Asia and also has the distinction of being the first manufacturers in bulk packaging and to get an ISO certification for its unit at Silvassa as early as 1998. TPL Plastech Ltd’s constant endeavor is to ensure the highest quality of our products at optimum cost.

TPL Plastech share price closed at Rs 437.15, up by 19.99 per cent.

Out of the 1700 Shares listed on the NSE, TPL Plastech is one of the top 500 Stocks, filtered by Dynamic Levels Researchers and Stock analysts. For other information on the resistance and support levels of the scrip and also to know more about financials and fundamentals of the stock, please pay a visit to TPL Plastech share price history.