Edible oil firm's stock surges 20% after pact with Patanjali
Edible oil manufacturer Ruchi Soya's shares surged nearly 20% on Monday after the firm announced it has signed agreements with Baba Ramdev-promoted Patanjali Ayurved for physical refining and packaging of edible oils. Ruchi Soya is currently the country's leading agriculture and food FMCG company with a turnover of $4 billion. Its leading brands include Nutrela, Mahakosh and Sunrich, among others.
New Delhi, Feb 13 (PTI) Shares of Ruchi Soya Industries today surged over 17 per cent after the company signed an agreement with Patanjali Ayurved for physical refining and packaging of edible oils. The scrip skyrocketed 16.34 per cent to settle at Rs 29.90 on BSE. During the day, it zoomed 19.84 per cent to Rs 30.80. At NSE, shares of the company jumped 17.28 per cent to end at Rs 30.20. 