ICICI Securities has a buy call on Rupa & Company with a target price of Rs 394.
The current market price of Rupa & Company is Rs 352.50.
Time period given by the analyst is two weeks when Rupa & Company price can reach the defined target.
ICICI Securities recommended keeping a stop loss at Rs 330.
"The resolute breakout from the past two months and the consolidation, backed by the highest weekly volume in last eight months, aided the stock to form a higher peak and trough on the weekly chart, suggesting a positive bias," said the brokerage.
Rupa & Company, incorporated in the year 1985, is a midcap company (having a market cap of Rs 2,772.62 Crore) operating in the textiles sector.