New Delhi. Ever since yoga guru Baba Ramdev’s company Patanjali acquired Ruchi Soya, the company’s profits and shares have seen a boom. The recently reported quarterly results of the company have shown an increase in earnings. Even then, Ramdev’s company Ruchi Soya is not taking the name of the difficulties being reduced. The shares of the company have fallen by about Rs 43 in the last five days. Due to which the company’s market has lost Rs 1267 crore. Let us also tell you how the company’s stock is performing in the market.
Interest Soya shares fall
Ruchi Soya shares are seeing a decline for the third consecutive day of the week and before Thursday and Friday i.e. five days in total. According to the data, when the market was closed on February 10, the company’s share price was Rs 711.85. Which came to 669 rupees this morning at 11.45 am. That is, during this time, the company’s stock decreased by about 43 rupees. Which can be considered a major decline.
Drop in market cap
On the other hand, due to the fall in the company’s shares, the company’s market cap is also falling. The market cap of the company till the close of the market on February 10 was Rs 21059.45 crore, which today the share of the company came to Rs 19,791.76 crore after coming to Rs 669. That is, during this period the market cap of the company has seen a decrease of Rs 1267.69 crore.
Increase in income and fall in profits
Recently, quarterly results were released by the company. Under which Ruchi Soya Industries reported a profit of Rs 227.44 crore in the October-December quarter of the current financial year. While the company had a profit of Rs 7,617.43 crore in the same period of FY 2019-20. The company’s income in the quarter stood at Rs 4,475.6 crore, compared to Rs 3,725.66 crore in the third quarter of 2019-20 a year ago. In 2019, Patanjali Ayurved acquired Ruchi for Rs 4,350 crore.