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|
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.