Ruchi Soya zooms 42% in two days on Rs 4,300 cr follow-on public offer plan

The company remains confident of the medium to long-term growth prospects in edible oils, processed food, palm plantations and other businesses of the company.

Shares of Ruchi Soya Industries surged 18 per cent to Rs 1,140 on the BSE in Tuesday’s intra-day trade, zooming as much as 42 per cent in the past two trading sessions after the company announced plans to launch Rs 4,300-crore follow-on public offering (FPO) next week.

At 02:34 pm; the stock of the company, which is owned by Baba Ramdev-led Patanjali Ayurved, traded 13 per cent higher at Rs 1,090 on the BSE. In comparison, the S&P BSE Sensex was down 1.6 per cent at 55,596. The trading volume at the counter jumped over 10-fold with a combined