Ruchi Soya shares: Baba Ramdev’s company Ruchi Soya Industries Limited (Ruchi Soya Industries Ltd) is seeing tremendous growth again today. The company’s shares fell more than 15% in the opening trade itself. Earlier on Monday, there was an upper circuit in the company’s shares. Shares were up 20%. In fact, the board of Ruchi Soya has approved a red-herring prospectus for an FPO of about Rs 4,300 crore. According to the company, the issue will open on March 24 and will close on March 28, 2022. After this news, the shares of Ruchi Soya are seeing a rise.
40% profit in two days
Shares of Ruchi Soya (Ruchi Soya stock price) are trading at Rs 1,107.85 with a gain of 14.91% on NSE today. Earlier on Friday, the company’s shares closed at Rs 803.15. That is, in just two trading days, the company’s shares have gained 39.35 percent. According to the YTD in 2022 this year, the stock has registered a rise of 29.81 percent so far, while the stock has gained 31.07 percent in a month. Now with the news of the approval of the FPO, the company’s shares made tremendous profits in two days. The company’s stock has gained Rs 143.70 today.
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Ruchi Soya was once in debt
Let us tell you that till a few years ago, the edible oil company Ruchi Soya was in heavy debt, which was later given Sanjivani by Baba Ramdev. Ramdev’s Patanjali group (Patanjali grpup) had acquired Ruchi Soya in the year 2019. At present, promoters hold around 99 per cent stake in Ruchi Soya. Ruchi Soya can sell at least 9 per cent stake through FPO. Nutrela is the brand name of Ruchi Soya, a leader in soy foods in India. It was launched by Ruchi Soya in the 1980s. It also has brands like Mahakosh, Sunrich, Ruchi Gold.