Business Standard

Edible oil relief: Shares of Adani Wilmar and Ruchi Soya Industries shed 5%

Individually, AWL was locked in the 5 per cent lower circuit band at Rs 664.95, while Ruchi Soya Industries, too, was down 5 per cent to Rs 1,045.45 on the BSE

Edible oil
Premium

BS Reporter Mumbai
Shares of Adani Wilmar (AWL) and Ruchi Soya Industries shed 5 per cent on the BSE in Wednesday's trade as investors booked profit at these counters, a day after the government exempted customs duty and agri cess on importing 2 million tonnes of soybean and sunflower oil per year.

The effective duty on crude palm oil, crude soybean, and sunflower till now was 5.50 per cent, which will come down to almost zero after Tuesday’s reduction for the two oils up to a fixed quantity.

Individually, AWL was locked in the 5 per cent lower circuit band at Rs 664.95, while Ruchi

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: May 26 2022 | 2:35 AM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com