Rupa & Company
stock is forming a 12-week, 28% deep Cup With Handle
Base. The current price is only 7% away from its ideal buy price of INR 508. A prudent approach would be to add the stock to your watchlist. This means you can be ready to pounce as the stock moves above the 10-wma line and breaks out to the ideal entry point.
The current trend of the 10-week moving average is still downward. However, if we look at a bigger picture, the long term average (40-week moving average) is in an uptrend. The 10-week moving average is above the trending 40-week moving average. The stock is trading around -2.87% away from the 10-week moving average.
In the last twelve months, Rupa & Company has rallied nearly 144.2% as compared to 56.2% for the Nifty500. It has a Relative Strength Rating
of 62. We definitely would like to see improvement in the rating. At this point we are taking a step back and focusing on the RS Line.
The RS Line remains in a downtrend for the last four weeks. However, this is not unusual for a leading stock as the stock sets up base for its next leg up or at the very beginning of a new trend. At this point, the overall long term trend of the line is upward. If Rupa & Company L can maintain a healthy upward move, it could make sense as a CANSLIM
Rupa & Company stock has strong institutional support. The Accumulation/Distribution Rating
of 'A' represents heavy institutional buying over the past 13 weeks. Although the shares held by institutions dropped in the last quarter, the number of institutions holding the stock increased at the same time. This shows increasing interest among the institutions.
On the earnings front, Rupa & Company
has an excellent EPS Rank of 89, which indicates consistency in earnings. The earnings and sales for the stock have grown by 36% and 8%, respectively over the past three years. Its 3-years earnings stability is 28, on a 0 to 99 scale (lower the better). Over the past five years, the earnings and sales for the stock have grown by 13% and 2%, respectively. The 5-years earnings stability is 32. The return on equity for the last reported year is 27%.
The stock belongs to the industry group of Apparel-Clothing Mfg, which is exhibiting a fair amount of strength in the current market environment. The current industry group rank is 44. The current price of Rupa & Company L is -14% off from its 52-week high price and 157% above its 52-week low price.
The stock appears on our idea lists: Minervini Trend Template