Ruchi Soya Stock Analysis

Ruchi Soya Stock Analysis

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Ruchi Soya is India largest Manufacturer of edible oils in India. Patanjali bought Ruchi soya in December, 2019.

Here are some insight on stocks and trends of Ruchi Soya Industries

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Why Ruchi Soya Industries was sold to Patanjali?

Ruchi Soya was in heavy debt burden and was not able to repay. After filling for Bankruptcy Patanjali bought Ruchi Soya.

Patanjali bought Ruchi Soya Industries for amount of?

Ruchi Soya was sold for ₹ 4,350 crores to Patanjali in December, 2019.

Why is Ruchi Soya Industries Share is on Upper Circuit?

Ruchi Soya stock is trading on upper circuit because of multiple reasons.
First, only 1.1% of equity is exposed to public.
Second, after Patanjali bought Ruchi Soya equity was diluted 100:1 and old invested value investors had gone extremely down, so old investors were not willing to sell in too much losses and new investors wanted to invest as Patanjali is new owned. But due to constraints in public stock quantity buyers were in huge number and sellers were very very few.

Why Ruchi Soya is Trading on Lower Circuit?

Ruchi Soya stock is trading on lower circuit because of multiple reasons.
First, only 1.1% of equity is exposed to public.
Second, now when stock price is high and old investor had gained profit, so old investors and new investors both are willing to make profits by selling and due to first constraint of limited stocks in public it is quickly reaching lower circuit.

Should I buy Ruchi Soya shares?

Yes, it is recommended as per the calculation and research.

Hope Ruchi Soya Stock Analysis was helpful

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