In 2020 bear market : A stock zoomed by just? 5661 times!!!

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Rare sight these days, Ruchi Soya stock has zoomed by 5661 times from its low of 3.35 on 13 Nov 2019. On Friday stock closed at 189.65 on NSE.
Ruchi Soya, Patanjali

Rare sight these days, Ruchi Soya stock has zoomed by a magical figure of 5661 times from its low of 3.35 on 13 Nov 2019. On Friday stock closed at 189.65 on NSE. Since then it has consistently shown a buying trend with a rising price.

Company is engaged in manufacturing a wide range of food products such as cooking oils, soya food, bakery and vanaspati fat. It is a market leader in edible oil production. It has a portfolio of trusted brands  like Nutrela, Mahakosh, Sunrich and Ruchi Gold.

Ruchi Soya was acquired by Patanjali and promoters now hold 98.87 % shares in the company as per NSE data.Public shareholding is just 1.12%. As only a few shares are floating in the market and Ruchi Soya is hitting the upper circuit almost everyday on persistent buying .

Let’s have a look how this stock has outperformed the Index Nifty and Sensex.

13 Nov 2019 (Low price)3 Apr 2020( Close)% change
Ruchi Soya3.35189.65+5661.19%
NIFTY11823.28083.8-31.6%
SENSEX40061.2312470.28-31.125%
Ruchi Soya performance comparison with index NIFTY and SENSEX

Patanjali group founder, renowned Yoga Guru Baba Ramdevji had told in an interview to BloombergQuint that Patanjali group is planning to liquidate 20-25% shares in Ruchi Soya over the next 2-2.5 years.

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