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