Ashish Kacholia Latest Stock Pick is Time Technoplast. On May 3, 2017 Ashish Kacholia bought 25,00,000 shares at Rs 115.
Time Technoplast is upbeat on the business outlook going forward. The company aims to double the cylinder capacity from the current 7,00,000 to 14,00,000 by June. It has a capacity of 700,000 cylinders which came in progressively during the year. It will end up producing 500,000 cylinders in the current financial year which would be 70-75 percent of the capacity.
At present, Time Technoplast cannot use the entire capacity because it has different sizes of cylinders. But after the change from one size to another, it is doubling the capacity to 1.4 million cylinders and that will be coming up by middle of May or early June.
So, it looks like Time Technoplast has ambitious plans for growth. The increased capacity will lead to higher sales and profit. The stock may become multibagger for portfolio of Ashish Kacholia.
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