Technical analyst Aashish Tater of Fort Share Broking has maintained 'buy' rating on Time Technoplast Ltd stock to achieve a target of Rs 150.

According to analyst, the stock can be purchased on dips to around 54-55.

Mr. Aashish said that the said target can be attained in 30-36 months.

The stock of the company, on March 08, closed at Rs 61.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 65.15 and a low of Rs 44.05 on BSE.

Time Technoplast posted a phenomenal growth in its standalone net profit for the three month period ended December 2010.

During Oct-Dec period, the company's profit grew by 50.68% to Rs 240.95 million as against Rs 159.91 million during the same period of last year.

Company said that its net sales during the quarter climbed 41.80% to Rs 2,271.75 million.

Its total income during the quarter increased 41.87% to Rs 2,272.87 million as against corresponding period last year.

It registered earnings of Rs 1.15 per share in the Oct-Dec period, recording 51.32% increase over previous year period