The business stock of Ruchi Soya, after Baba Ramdev’s Patanjali group bought it in January 2020 has grown by more than 8500% in five months. That’s the story of Ruchi Soya, which had Market Capitalization of 500 crore in January.
Had you invested Rs 1 lac in this company in January 2020, your amount would have grown to Rs 1 crore in just 5 months.
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Ruchi Soya Share Price
Ruchi Soya’s owners sold out over 98% shares of the company to Baba Ramdev’s Patanjali group in January, and in June 20202, the market of this company stands at 45000 crore. This is the biggest gain a company has even seen in such short span of time.
In January, the company’s shares were trading at Rs 17 per share. But, now in June, the same stands at over Rs 1600 per share. The company’s meteoric rise has baffled one and all. And, even Corona lockdown hasn’t dampened the growth of an under-performer until January 2020.
The company’s most popular product is Soyabean chunks that we have all seen in our homes.