Ruchi Soya extends rally in a weak market; zooms 72% against FPO price

The stock was up 7% to Rs 1,115, and has zoomed 72% against FPO price of Rs 650 on the BSE

Shares of Ruchi Soya Industries continued at their northward movement, surging 7 per cent to Rs 1,115 on the BSE in Wednesday's trade, in otherwise a weak market on the back of heavy volumes. The stock of the edible oil company was trading higher for the sixth straight day, having surged 19 per cent during the period.

At 01:50 PM, Ruchi Soya was up 6.7 per cent at Rs 1,110, as compared to 0.71 per cent decline in the S&P BSE Sensex. The stock had hit a 52-week high of Rs 1,377 on June 9, 2021. Trading volumes on