Time period given by analyst is two weeks when Rupa & Company Ltd. price can reach defined target.
Rupa & Company Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3839.05 Crore) operating in Apparels sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 457.24 Crore, up 31.66 % from last quarter Total Income of Rs 347.30 Crore and up 152.53 % from last year same quarter Total Income of Rs 181.06 Crore. Company reported net profit after tax of Rs 65.90 Crore in latest quarter.
Investment Rationale
The textile space has seen structural turnaround. Within this space the brokerage remains positive on Rupa. It has been in secular uptrend forming higher high higher low on all time frames. The brokerage expects the stock to head towards Rs 520 levels in the coming weeks being the 138.2% external retracement of recent decline(505-448)
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
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