An Indian company whose shares were valued at Rs 3.32 per share on January 24, 2020, is trading at Rs 1367.20 today. The acquisition of this company was completed by owner Ramdev's company Patanjali only last year. We are talking about Ruchi Soya.
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The investors who bought the shares of this company will be lucky. From December 18, 2019, to June 23, 2020, Ruchi Soya shares have given 39,119.88% returns to investors. For the last several days, there has been an upper circuit in its shares. Let's look at the movements of the stocks of this company in the small-cap category.
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CNI Research CMD Kishore Ostwal said that 99% shares of Ruchi Soya were canceled. 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 will come. Ajay Kedia, founder and investor of Kedia Advisory, says that stocks are constantly seeing a boom and it seems to be in an upper circuit. The investors who want to make a profit by investing in it short term, should avoid buying shares. If someone wants to invest for three to five years, then he should buy this stock in a little bit. Now the prices of this share will consolidate.
