Rupa & Company tumbles after weak Q1 numbers

Rupa & Company tanked 5.3% to Rs 408 at 10:54 IST on BSE after net profit fell 40.1% to Rs 9.28 crore on 24.8% decrease in net sales to Rs 162.23 crore in Q1 June 2017 over Q1 June 2016.

The result was announced after market hours yesterday, 10 August 2017.

Meanwhile, the S&P BSE Sensex was down 219.40 points, or 0.7% at 31,311.93. The S&P BSE Mid-Cap index was down 11.95 points, or 0.08% at 14,743.90.

On the BSE, 9,431 shares were traded on the counter so far as against the average daily volumes of 62,892 shares in the past one quarter. The stock had hit a high of Rs 415.55 and a low of Rs 389.90 so far during the day. The stock had hit a record high of Rs 590 on 15 June 2017 and a 52-week low of Rs 244 on 10 January 2017.

The stock had underperformed the market over the past one month till 10 Aug 2017, declining 14.34% compared with the Sensex's 0.58% fall. The scrip had, however, outperformed the market over the past one quarter advancing 13.25% as against the Sensex's 4.24% rise. The scrip had also outperformed the market over the past one year advancing 50.57% as against the Sensex's 13.52% rise.

The mid-cap company has equity capital of Rs 7.95 crore. Face value per share is Rs 1.

Rupa & Company is a leading undergarments manufacturer and a leading hosiery and knitwear company in India.

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