Ruchi Soya zooms 20% on ties-up with Patanjali Ayurved

The stock locked in upper circuit of 20% at Rs 30.80 on the BSE on back of heavy volumes

Ruchi Soya Industries was locked in upper circuit of 20% at Rs 30.80 on the BSE after the company said that it has signed agreements with Patanjali Ayurved for physical refining and packaging of edible oils.

“The company has signed agreements with Yogrishi Baba Ramdev Ji promoted Patanjali Ayurved for physical refining and packaging of edible oils,” Ruchi Soya Industries said in a release.

Under the terms of the agreements, Ruchi Soya would process the crude oil provided by Patanjali and pack the refined oil as per their specifications, it added.

The agreements are for an initial