⭐️ The Curious Case of #RuchiSoya
🔸 Last year Baba Ramdev’s Patanjali Group acquired Ruchi Soya through insolvency process.
🔸 Ruchi Soya is in the business of edible oils manufacturing & other FMCG products.
🔸 After the acquisition the stock price zoomed from ₹3 to ₹1500.
🔸 Last year Baba Ramdev’s Patanjali Group acquired Ruchi Soya through insolvency process.
🔸 Ruchi Soya is in the business of edible oils manufacturing & other FMCG products.
🔸 After the acquisition the stock price zoomed from ₹3 to ₹1500.
🔸 After hitting continuous upper circuits and making a high of ₹1500 in June, the price started hitting lower circuits and fell down to ₹650.
🔸 As per Q1-FY21 (Jun’20) results, their revenue stands at ₹3057 crore while bet profit stands at ₹12 crore which is a 13% drop YoY
🔸 As per Q1-FY21 (Jun’20) results, their revenue stands at ₹3057 crore while bet profit stands at ₹12 crore which is a 13% drop YoY
🔸 After the result, Acharya Balkrishna who was the managing director (MD) of Ruchi Soya post acquisition (and is also the chairman of Patanjali Group) resigned from the post of MD due to his pre-occupation.
Ruchi Soya has been every retail investor’s fantasy.
Now what next?
Ruchi Soya has been every retail investor’s fantasy.
Now what next?
