News for Rupa & Company Limited (RUPA.BO)

Presentation Operator MessageOperator Ladies and gentlemen, good day and welcome to the Q1 FY '24 Earnings Conference Call of Rupa & Company Limited hosted by Orient Capital. [Operator Instructions]... -Today at 03:00 am- MarketScreener

Wednesday saw Nifty and Sensex on a gain. Will Thursday prove to be terrific too? Read what experts say , , stock market today, share prices today, nse nifty, bse sensex, bombay stock exchange, national stock exchange, Opening bell

Garment stocks: Shares of Rupa & Co zoomed 16.04 per cent to settle at Rs 237.95, snapping their four-day fall. On a year-to-date (YTD) basis, the stock has slipped 16.45 per cent. It has declined 46.96 per cent in the past one year

BSE Sensex surged 448.96 points, or 0.76 per cent, to 59,411.08, whereas NSE's Nifty50 jumped about 147 points, or 0.87 per cent, to 17,450.90. for the day.

Fundamentally, the fall in cotton prices – which is a key raw material for textile companies – augurs well for their financials

However, Kitex Garments said the company's order book in queue for 2023-24 indicates achieving a better performance in Q1 and normal performance by Q2

ITC, ICICI Bank, JSW Steel, Tata Steel and Tata Consumer Products were among the top gainers on the Nifty, while losers were Adani Enterprises, Adani Ports, HDFC Life, SBI Life Insurance and Bajaj Finserv.

The Nifty PSU Bank index rose 1.4 percent, while energy, pharma, auto, metal, and information technology indices shed 0.5-1 percent

Anand Rathi in his latest report has given a buy call to the stock of Rupa & Company Ltd for a target price of Rs 500 with the likely return of 47%. It is a company with low debt and has a market capitalization of Rs 2,676 crore. The company witnessed QoQ revenue decline of 52.01%, which is lowest in the last 3 years.

Anand Rathi is bullish on Rupa and Company has recommended buy rating on the stock with a target price of Rs 500 in its research report dated September 01, 2022.

Read more about Rupa & Company tanks 20% after disappointing Q4 performance, CEO's exit on Business Standard. The company's consolidated profit after tax (PAT) declined 25 per cent year on year (YoY) at Rs 49.3 crore, on the back of flat revenues at Rs 455.5 crore over the previous year quarter.

Jash Engineering is in strong bullish momentum and outperforming the broader market. It took support at 50-DMA after a pullback and now it is witnessing a breakout of bullish flag formation to resume its bullish momentum where Rs 780 looks an immediate target.

Tracking weak global sentiment, Indian benchmark indices started the week with deep cuts. The BSE Sensex was down 300 points to 56,740, while the NSE Nifty 50 continued to test the 17,000-mark.

The company will be launching a series of campaigns with the new brand ambassador highlighting the range of Softline's brand offerings available for the customers

The ace investor publicly holds 24 stocks with a net worth of over Rs 2,124 crore

The short term trend of Nifty continues to be choppy with high volatility and the similar movement is expected in the next session, says Nagaraj Shetti of HDFC Securities.

Rajesh Palviya of Axis Securities says traders should trail stop-loss towards 17,800 levels for all long positions with an upside towards 18,200-18,300 levels.

Trends on SGX Nifty indicate a flat opening for the index in India with a 5 points gains.

The market hit fresh record high during the session, but continued to see rangebound action with volatility for fourth consecutive day and closed moderately hig...