Due to coronavirus pandemic many companies have faced the loss but there is a company who has amazed everyone with it’s amazing growth. The Ruchi Soya, which is acquired by Baba Ramdev’s Patanjali, last year showed unprecedent result and everyone is amazed.
In January, precisely on January 24, Ruchi Soya’s shares were valued at Rs 3.32 per share, but after 5 months, the company’s shares have shown unprecedented growth and is trading at Rs 1,367.20 per share today.
The company has registered a rise of 39,120 per cent.
The Ruchi Soya has 39,119.88 per cent returns to the investors. For the past several days, its shares have been continuously in the upper circuit.
CNI Research CMD Kishore Ostwal said 99 per cent shares of Ruchi Soya were cancelled. In such a situation, if the price of the shares reaches the level of Rs 2,700 per share, then it will be its break-even point. Meaning, no profit-no loss situation for the company.
On June 24, there were 43,177 deals for the purchase of Ruchi Soya shares and an upper circuit of 5 per cent. Its shares were priced at Rs 1,367.20 per share on the BSE.
Should you buy Ruchi Soya’s shares now?
Ajay Kedia, founder and investor of Kedia Advisory, said that the stock is seeing a steady rise and it seems to be in the upper circuit. In such a situation, investors who want to make a profit by investing in it for a short period should avoid buying shares. If someone wants to invest for three to five years, then he should buy the shares of Ruchi Soya in small quantity.