Even though yoga guru Baba Ramdev has made doctors all over the world his enemy by calling allopathy a nonsense science. Trolled by common people, but in one case he has been very lucky. His oil company Ruchi Soya is making huge profits and is also benefiting investors. The company’s shares have given returns of over 93 per cent in two months. While the market cap of the company has more than 16 thousand crore rupees. Many reasons are being given behind which. Where Ruchi Soya is buying Patanjali’s biscuit maker. On the other hand, due to the increase in the price of crude palm oil, there is a bullish atmosphere in the company’s shares.
Shares of Ruchi Soya have seen a jump of 93 per cent in two months. The stock of Ruchi Soya closed at Rs 641.35 on March 31. Whereas on Friday, the stock of Ruchi Soya closed at Rs 1194.35. During this period, the shares of Ruchi Soya saw an increase of about Rs 553. There are only a few companies listed in the stock market in the country that has given tremendous returns in the first two months of the current financial year. On Friday, the company’s stock closed with an upper circuit of 5 per cent.
Earning more than 16000 crores in two months: On the other hand, due to the rise in the shares of Ruchi Soya, the company’s market cap has seen an increase of more than 16 thousand crores in two months. The company’s market cap as of March 31 was Rs 18,973.76 crore. Which reached Rs 35,333.77 crore by the time the market closed on Friday. That is, during this period the company’s market cap has seen an increase of Rs 16,357 crore.
Reasons for the rise in the shares of Ruchi Soya: There are many reasons for the rise in the shares of Ruchi Soya. The first reason is the increase in the price of palm oil in the futures market. Due to which the price of soya oil is seeing a rise. Currently, the price of palm oil is Rs 1135. Whereas soya oil is at Rs 1400. On the other hand, about a month ago, it was announced by Ruchi Soya that Patanjali Natural Biscuit Private Limited would take over. Now recently it has been said from Patanjali that they are going to sell 25 per cent shares of Ruchi Soya soon. Let us tell you that Ramdev has to increase the stake in the company to 75 per cent. About which he will give further information later.