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Ruchi Soya Industries rose 14.5% to Rs 28.1 during early morning trade on BSE in an otherwise lower market after reports that the company is expected to enter into a marketing deal with Baba Ramdev promoted Patanjali Ayurved.
Baba Ramdev and Patanjali have come to the rescue of debt ridden Ruchi Soya, according to media reports. Reports say Patanjali will start branding and marketing the edible oil produced by Ruchi Soya across its 13 facilities, which will ensure guaranteed sales to Ruchi Soya as well as cut its distribution and marketing costs.
The stock opened at Rs 26.30
Baba Ramdev and Patanjali have come to the rescue of debt ridden Ruchi Soya, according to media reports. Reports say Patanjali will start branding and marketing the edible oil produced by Ruchi Soya across its 13 facilities, which will ensure guaranteed sales to Ruchi Soya as well as cut its distribution and marketing costs.
The stock opened at Rs 26.30
