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This Stock Defies Market Sell Off- Enters 100-Most Valued Firms Club


Even as in trade on June 12, stock market has recovered from day's low where it dropped 900 points in early trade on US equity crash to their lowest since March lows, this edible oil manufacturer jumped 5% to hit a 52-week high price of Rs. 933.1 per share on the NSE. On the BSE, the stock made a record high of Rs. 925.5 shares apiece.

This Stock Defies Market Sell Off- Enters 100-Most Valued Firms Club

Ruchi Soya Enters 100-Most Valued Indian Company Club In M-Cap Terms

Also, this counter Ruchi Soya has added another feather in its cap of entering the 100-most value company network in India in terms of m-cap.

And as per the exchange data, on an overall basis it commands 94th rank ahead of Vodafone Idea, MRF, NMDC, United Breweries and GIC.

It is worth mentioning that since its relisting after consolidation of the company shares it has appreciated in value by as much as 55 times to initial level of Rs. 16.90 per share on the BSE.

Also, another point of interest is that the stock trades under the trade to trade category i.e. T category and upon payment of the full amount only the shares can be credited into the demat holder's account. This said the stock is not available for intra-day trade.

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