New Delhi. Nobody would have thought about the bankrupt Ruchi Soya that it would become the biggest profit making company for Patanjali. Something similar is happening today. In the last one year, the company’s stock has reached nearly 10 times its value. On March 5, 2020, the company’s stock saw a 52-week low. From there, the company’s stock has risen 10 times. Whereas in 2021, the shares of the company have increased by more than 6 percent. The reason for this is the rise in crude palm oil. Due to the rise in edible oil, Ruchi Soya shares are steadily rising. Crude palm oil prices in domestic futures market have reached above Rs 1000 per ten kg. The benefit of which is seen in the shares of the company as well.
More than 6 percent rise this year
On the last day of the year 2020, the shares of the company were valued at Rs 674.75. Which has reached Rs 720.90 on Friday i.e. March 5. That is, during this time, the shares of the company have seen a rise of Rs 46.15. That is, the company’s stock has jumped more than 6 percent. Let us tell you that on Friday, the shares of the company saw a fall of 2.17 per cent i.e. Rs 16. After which the company’s stock came to Rs 720.90.
10 times increase in a year
The company’s shares have seen an increase of about 10 times in a year. On March 5, the company’s share price fell to a 52-week low of Rs 74.75. From there till now the share price of the company has come down to Rs 720.90. That is, the shares of the company have seen a rise of 9.6 times during this period. The share price of the company also went up to Rs 1535 in this one year. On June 29, the company hit 52 weeks of highs.
1400 crore profit in March
The company’s market cap has gained about Rs 1,400 crore in 2021. The company’s market cap as on 31 December 2020 was Rs 19961.87 crore, which has now increased to Rs 21,327.18 crore. During this period, the market cap of the company has increased by Rs 1365.31 crore. Whereas in the past year, the market cap of the company has seen an increase of several thousand crores of rupees.