Buy Rupa & Company, target price Rs 515: HDFC Securities

HDFC Securities has buy call on Rupa & Company with a target price of Rs 515. The current market price of Rupa & Company Ltd. is Rs 487.2.

Time period given by analyst is 2 weeks when Rupa & Company Ltd. price can reach defined target.

Rupa & Company Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3825.13 Crore) operating in Apparels sector.


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.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 219.98 Crore, down -51.89 % from last quarter Total Income of Rs 457.24 Crore and up 4.86 % from last year same quarter Total Income of Rs 209.80 Crore. Company reported net profit after tax of Rs 27.22 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 73 per cent stake in the company as of June 30, 2021, while FIIs held 3 per cent, DIIs 2 per cent and public and others 21 per cent.