Rupa & Company stock hits new 52-week high after Abakkus Emerging Opportunities buys stake

The scrip witnessed spurt in volume by more than 2.66 times and was trading with volumes of 42,976 shares, compared to its five day average of 9,037 shares, an increase of 375.53 percent.

December 29, 2020 / 10:11 AM IST
Rupa & Company | Company made timely payment of the maturity amount with respect to commercial paper. (Image: rupa.co.in)

Rupa & Company | Company made timely payment of the maturity amount with respect to commercial paper. (Image: rupa.co.in)

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Rupa & Company share price spiked 10 percent intraday on December 29 after Abakkus Emerging Opportunities Fund - 1 bought 12,00,000 shares of the company at an average price of Rs 250.5 in a bulk deal.

The stock was trading at Rs 287.40, up Rs 27.65, or 10.64 percent at 09:54 hours. It has touched a 52-week high of Rs 297.

The scrip also witnessed spurt in volume by more than 2.66 times and was trading with volumes of 42,976 shares, compared to its five day average of 9,037 shares, an increase of 375.53 percent.

Capture

According to Moneycontrol SWOT Analysis powered by Trendlyne, the company has been increasing revenue and profits every quarter for the past 2 quarters. It has zero promoter pledge with the stock showing strong momentum: price above short, medium and long term moving averages.

Close

Moneycontrol technical rating is very bullish with moving averages and technical indicators being bullish.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.​​
Moneycontrol News
first published: Dec 29, 2020 10:11 am

stay updated

Get Daily News on your Browser
Sections