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Rupa & Company hits new high; zooms over 90% in six days

The stock hit a new high of Rs 437, and has zoomed by 93% in the past six trading sessions on the NSE from Rs 226 on May 21.

SI Reporter Mumbai
Last Updated : May 29 2015 | 1:08 PM IST
Shares of Rupa & Company have soared by 8% to Rs 430, extending their over-70% rally in the past one week on the NSE, after the company reported a 34% year-on-year (yoy) growth in net profit at Rs 26.17 crore in Q4FY15 against Rs 19.60 crore in the same quarter a year ago.

The company had posted a profit of Rs 7.90 crore in the December 2014 quarter.

Net sales of the company during the quarter grew 17.8% at Rs 330 crore on a y-o-y basis. EBITDA or operating profit margins expanded 100 basis points to 14.8% from 13.7%.

The stock hit a new high of Rs 437, and has zoomed by 93% in the past six trading sessions on the NSE from Rs 226 on May 21. The CNX Nifty was down 0.14% during the same period.

Till 1244 hours, a combined 283,996 shares changed hands on the counter on the NSE and BSE.

Rupa & Company Ltd is the No.1 knitwear brand in India, covering the entire range of knitted garments from innerwear to casual wear.

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First Published: May 29 2015 | 12:48 PM IST

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