Ruchi Soya locked in 10% upper circuit; stock zooms over 105% in 12 days

In July 2019, the National Company Law Tribunal (NCLT) had cleared the Rs 4,350-crore bid by yoga- exponent Ram Dev-run Patanjali Ayurved to take over edible oil player Ruchi Soya

Shares of Ruchi Soya Industries gained 10 per cent at Rs 34.55 on Tuesday to make it 12 straight sessions when the stock has hit the upper circuit.

Since January 27, 2020 -- when it was re-listed on the stock exchanges after consolidation of equity shares of the company -- the edible oils company's stock price has appreciated by 105 per cent from the level of Rs 16.89 on the BSE.

Till 02:43 pm, a combined 1,854 shares had changed hands and there were pending buy orders for 3.87 million shares on the NSE and BSE, the exchange