Rupa & Company tanks 20% after disappointing Q4 performance, CEO's exit

Shares of Rupa & Company tanked 20 per cent to Rs 414 on the BSE in Tuesday’s trade after the company reported a disappointing operational performance in March quarter (Q4FY22), due to higher raw material cost.

With today’s fall, the stock of the garment & apparels manufacturer has corrected 29 per cent from its 52-week high level of Rs 585 touched on May 4, 2022.

At 11:10 am; it was trading 17 per cent lower at Rs 427, as compared to a 0.17 per cent decline in the S&P BSE Sensex.The trading volumes on the counter jumped four-fold