Rupa hits 52-week high after strong Q4 numbers

Rupa & Company was locked at 20% upper circuit at Rs 272.40 at 13:03 IST on BSE after net profit rose 33.6% to Rs 26.18 crore on 18.4% growth in net sales to Rs 329.11 crore in Q4 March 2015 over Q4 March 2014.

The Q4 result was announced after market hours yesterday, 21 May 2015.

Meanwhile, the S&P BSE Sensex was up 216.14 points or 0.78% at 28,025.49.

On BSE, so far 21,000 shares were traded in the counter as against average daily volume of 2,044 shares in the past one quarter.

The stock's current price of Rs 272.40 is also its 52-week high for the counter. The stock hit a low of Rs 241 so far during the day. The stock had hit a 52-week low of Rs 199.95 on 7 October 2014.

The stock had outperformed the market over the past one month till 21 May 2015, advancing 2.71% compared with Sensex's 0.48% rise. The scrip had also outperformed the market in past one quarter, rising 2.16% as against Sensex's 4.86% fall.

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

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

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