Analyst believe the company should benefit from debottlenecking of the phosphoric acid plant as well as from an increased share of newly-launched, high margin, crop-protection products in FY23.
The government on Tuesday exempted customs duty and the agri cess on importing 2 million tonnes of soybean and sunflower oil per year
To pay 1% of turnover of products as annual royalty under transfer agreement
The board also approved to change company's name from Ruchi Soya Industries to Patanjali Foods.
The stock was up 7% to Rs 1,115, and has zoomed 72% against FPO price of Rs 650 on the BSE
Among FMCG stocks, Adani Wilmar seems to be better placed at current levels as per the technical charts.
The board of Ruchi Soya also accorded its in-principle approval for evaluating the most efficient mode of enhancing synergies with Patanjali Ayurved Ltd's food portfolio on an arm's-length basis
In a Q&A, he says the 42% surge in the comppany's shares over the FPO puts additional responsibility on it to perform
The 66.15 million new shares issued in the FPO, which closed on March 30, commenced trading today
Around 66.15 million equity shares, allotted in follow-on-public offering, started trading on the exchanges from today
Market players said several HNIs who applied for the FPO dumped the shares taking advantage of the attractive spread
Ruchi Soya on Tuesday said that board has approved the allotment of 66.15 equity shares of face value of Rs 2 each, for an amount aggregating to Rs 4,300 crore, pursuant to the FPO issue.
Sebi Chairperson Madhabi Puri Buch on Tuesday appeared before a parliamentary panel and was questioned on the NSE controversy, Sahara case and share offers of Paytm and Ruchi Soya, sources said
The number of bids withdrawn in the other categories were relatively muted
Ruchi Soya Industries has filed a first information report in Haridwar to investigate the origin of the messages doing the rounds on social media
Shares of Ruchi Soya surged on Tuesday after the company clarified that the SMSes pertaining to investments in its FPO have not been issued by the company or its promoters
Going ahead, technical charts indicate up to 15 per cent gains for the buzzing stocks of Tuesday.
Market regulator Sebi had directed Ruchi Soya to give the option to the FPO investors to withdraw their bids due to 'circulation of unsolicited SMSs advertising the issue'
Circulation of unsolicited SMSes advertising the issue violates regulations, says the market regulator; Sebi orders a 3-day window for all investors (ex-anchor Investors) to withdraw applications
Sebi's directive comes amid 'circulation of unsolicited SMSs advertising the issue'; the window for withdrawal shall be available on March 28, March 29 and March 30, 2022