RUPA & COMPANY STOCK
Thermal demand slumps 30%, makers slash production by up to 50%
Dealers and distributors are unwilling to pick up new stocks as they are yet to offload last year’s stock, and manufacturers do not expect the prevailing cold conditions in most of north India to lead to a revival in demand for knitwear.
Innerwear, athleisure companies still bet on sops to clear excess stock
Players forced to resort to unsustainable business practices to spur demand, say industry chiefs.
Technical Breakout: Jaiprakash Associates and 6 other stocks cross 200-day SMA
The crossing of the 200-day SMA is a notable achievement, providing insights into potential shifts in market sentiment and the companies' resilience.
Rupa and Company Case: Sebi penalises two entities for violating insider trading norms
The order came after Sebi conducted an investigation in the scrip of RCL, to ascertain as to whether certain entities have traded in the company during February-June, 2021, while in the possession of unpublished price sensitive information (UPSI).
Corporate actions this week: L&T, Maruti Suzuki to go ex-dividend, Piramal Pharma right issue and more
Several Indian companies will trade ex-dividend this week, including L&T, Crisil, Coforge, Maruti Suzuki, and Kotak Mahindra Bank. Ex-dividend is when the equity-share price of a company is adjusted for the dividend payout, occurring one or two working days before the record date. The record date lists all shareholders that will qualify for dividends by the record's end.
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Ahead of Market: 10 things that will decide D-Street action on Thursday
Indian equities finished Wednesday positively, with Nifty up 0.5% to over 19,750 levels, ahead of the release of the Fed meeting outcome. Sectoral indices for Nifty PSU Bank, FMCG, and Realty had the highest gains, while Nifty Consumer Durable and Auto Index went down. Analysts propose that there will potentially
Aegis Logistics, Rupa & Company among 6 stocks surpassing 200 SMA
On July 11, 2023, several Indian stocks demonstrated noteworthy growth by crossing their 200 Simple Moving Average (SMA), a valuable indicator that confirms long-term trends and identifies support and resistance levels. Pokarna, Indostar Capital Finance, Aegis Logistics, Rupa & Company, TCPL Packaging
Positive Breakout: TCPL Packaging & 5 other stocks cross their 200 DMAs
In the NSE list of stocks with a market cap of over Rs 1000 crore, six stocks crossed above their 200 DMAs (Daily Moving Averages) on July 10, according to stockedge.com's technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
A finance company and a textile player in for potential rise of 9% and 7%
The markets on Tuesday opened flat, but hit the high point early. Later, they gave up much of the gains, with the Nifty ending the day with a rise of almost one-fifth of a percent. Comparatively, the Bank Nifty has marked its lifetime high.
ETMarkets Fund Manager Talk: SMC Private Wealth's 5 high-conviction buys for next one year
"Some of the high frequency indicators such as GST revenues, auto sales and PMI among others have been continuously showing improvement. Even the credit growth continues to remain strong. Thus, with India emerging as one of the fastest growing countries in the world with consistent rise in its GDP growth rate as compared to other economies, it is expected that India will continue to shine among its peers."
Corporate Radar: ICICI Bank to turn ex-dividend; Bharti Airtel Q1 results; AGMs, and more
Bharti Airtel, Adani Ports and Special Economic Zone, Power Grid Corporation Of India, Samvardhana Motherson International, Delhivery, Torrent Power, Whirlpool Of India and National Aluminium Company are among companies that will announce their quarterly earnings today.
Bengaluru institute exports ‘open-source Aadhaar’; GoM suggests 28% GST only on betting component
The programme is backed by the Bill and Melinda Gates Foundation (BGMF), Tata Trusts, Norad, and Omidyar Network, which have cumulatively provided Rs 150 crore in funding.
Sunil Singhania raises bet on this underperforming smallcap stock
June quarter shareholding shows that Abakkus Emerging Opportunities Fund-1 holds 2.23 per cent stake or 17.75 lakh shares in Rupa & Co. Abakkus Growth Fund-2 owns another 14.5 lakh shares or 1.82 per cent stake in the smallcap. The company's promoters own over 73 per cent stake.
Big Movers on D-St: What should investors do with Divi’s Laboratories, Zomato and Rupa Company?
After making multiple bottoms around Rs 1,630 in March 2020, Divi's Labs share price gave a sharp upside rally to make an all-time high of Rs 5,425 in October 2021. Volumes were relatively higher during this tenure and the price was making a Higher Top and Higher Bottom Pattern.
Stocks in the news: Delhivery, Venus Pipes, Maruti, BEL, Zomato and Marico
Adani Ports, Grasim, Info Edge, Minda Industries, Phoenix Mills, Ipca Labs, Bayer Cropscience, Bank of India, KIOCL, Shree Renuka Sugars, Metropolis and Aster DM are among the companies which will announce their March quarter earnings today.
SGX Nifty up 10 points; here's what changed for market while you were sleeping
Nifty50 on Friday capitalised on a strong gap-up start as the index ended almost at day's higher. In the process, it breached its immediate resistance level of 16,150 and formed a bullish candle both daily and weekly scales. Analysts said more upside is in the offing and advised traders to be cautiously bullish for the week ahead.
Stocks in the news: Infosys, Paytm, NTPC, Power Grid, BHEL and Sun Pharma
Divis Labs, BEL, SAIL, Zomato, Ramco Cements, Birlasoft, Graphite India, Vaibhav Global, HLE Glasscoat, Rupa and Company, Data Patterns, HG Infra Engineering are among the companies that will announce their Q4 earnings today.
Rupa & Co Q3 Results: Profit rises 34% to Rs 58 crore
Commenting upon the results, CEO of the company Dinesh Lodha was quoted as saying "we continue to build upon the momentum in our growth trajectory. There is a robust demand for the company's products in the market".
Buy Rupa & Company, target price Rs 515: HDFC Securities
Rupa & Company Ltd. key Products/Revenue Segments include Hosiery Goods, Sale of services, Scrap, Export Incentives, Other Operating Revenue and Power for the year ending 31-Mar-2021.
Buy Rupa & Company, target price Rs 490: HDFC Securities
Rupa & Company Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3724.93 Crore) operating in Apparels sector.
Buy Rupa & Company, target price Rs 520: ICICI Direct
Rupa & Company Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3839.05 Crore) operating in Apparels sector.
Is India Inc doing enough to coach and create enough women CEOs?
The nature of governance lapses on the part of some of the female CEOs in India point to the glaring need of coaching, sensitisation and career development, especially for women CEOs, as they try and juggle their personal and professional lives. The baggage of social conditioning, cultural nuances and unconscious biases need to be unlearned in the process.
Buy Rupa & Company, target price Rs 575: ICICI Direct
Rupa & Company Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3618.37 Crore) operating in Apparels sector.
As Grantham’s GMO enters Rupa & Co, should you look at innerwear stocks?
The rising interest of global equity funds in the sector is reflective of renewed interest in a space that had remained dormant over the past two years due to a crushing slowdown in domestic consumption.
Market Movers: Everybody wants in on innerwears; ‘Mota bhai’ flexes muscles, and M&M shares fly
WHV-EAM International Small Cap Equity Fund bought a stake in Lux Industries on Wednesday, which was followed up by Abakkus and GMO buying shares in Rupa & Company on Thursday.
Sunil Singhania’s biggest bet for 2021 is a very new theme
We are not in the camp of buying an 80 PE stock if the growth rate is 10-12%. We would buy maybe a 15-20 PE stock where the growth rate also is 15%.
Market Movers: Financials lead, midcaps underperform; 69 stocks turn overbought
The market breadth was neutral, and trade was lackluster compared to Monday, when gainers were more than double the number of losers on the BSE.
Early onset of winter brings cheer to country’s Rs 3,000 crore thermal wear industry
"Demand for thermals has reached last year's level. Early winter has helped us to achieve these numbers,” said KB Agarwala, managing director of Rupa & Company. “If this chill continues, then thermal wear may witness a 10% increase too.”
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