new Delhi. In Budget 2021, many decisions were taken. The custom duty of many products has been reduced. So the custom duty of many products has been increased. But even after reducing the custom duty on soy oil, the overall tax has increased more than before. Because of which the shares of Baba Ramdev’s company have increased by 11% since the 1st. Due to the increase in shares, Ruchi Soya has seen an increase in the market cap of Rs 2 thousand crores. Let us also show you what kind of mathematics the government has shown on soya oil and how much the shares of Baba Ramdev’s company Ruchi Soya have become.
Government decides on soy oil
In Budget 2021, the custom duty on soy oil has been reduced from 35% to 15%. While 20 percent agri cess has been added on it. At the same time, by applying 10 percent SWC, the total tax has been increased to 38.5 percent. According to experts, cess means tax on tax, but this time the government has ceded the tax. As a result, soy oil rose 3.5 percent. Total tax increased to 38.5 percent.
Also read: Jeff Bezos will resign as Amazon CEO, this man will command
Interest Soya shares rise
This decision of the government is seeing tremendous rise in the shares of Baba Ramdev’s company Ruchi Soya. Currently, there is a 5 per cent rise. The current stock of the company is trading at Rs 668.25. While the stock of the company closed at Rs 636.45 on Tuesday. Yesterday also saw a 5 per cent rise in the company’s shares.
Nearly 11 percent rise in three days
Since the day of the budget, the shares of the company have seen an increase of about 11 percent. On January 29, the company’s shares were valued at Rs 602.30. Since then, the shares of the company have now seen a rise of Rs 66. That is, the shares of the company have increased by about 11 percent.
The company has a profit of two thousand crore rupees
The market cap of the company has increased due to the increase in shares. Three days has seen an increase in the cap of about 2 thousand crores in the company’s market. When the market closed on January 29, the company’s market cap was Rs 17,718.50 crore. Whereas today the company’s market cap has come to Rs 19,769.58 crore.
.