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Rupa advances on betting on modern retail to achieve Rs 2,000 crore revenue by 2022

Rupa & Company is currently trading at Rs. 174.45, up by 10.70 points or 6.53% from its previous closing of Rs. 163.75 on the BSE.

The scrip opened at Rs. 164.95 and has touched a high and low of Rs. 177.65 and Rs. 164.95 respectively. So far 3181 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 1 has touched a 52 week high of Rs. 364.25 on 16-Jan-2019 and a 52 week low of Rs. 157.05 on 15-Oct-2019.

Last one week high and low of the scrip stood at Rs. 177.65 and Rs. 157.05 respectively. The current market cap of the company is Rs. 1387.31 crore.

The promoters holding in the company stood at 73.29%, while Institutions and Non-Institutions held 0.28% and 26.43% respectively.

Rupa & Company is betting on modern retail to achieve Rs 2,000 crore revenue by 2022. The share of modern retail to its annual revenue is currently about 3 per cent and is expected to increase to 10- 12 per cent by 2022.

Rupa & Company is a knitwear innerwear product company.

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