Will SEBI investigate the interest of the company? Ruchi Soya also tops in many companies:
This company is ranked number 7 in the FMCG sector-top 10 in the top 100 list in the Indian stock market. But nestle was also behind in terms of profit.
What is Ruchi Soya Company?
In the Indian stock market, it was a bank corrupt company, which was delisted for 3 to 4 rupees, but in January 2020 it was acquired by Baba Ramdev’s company Patanjali and got it listed around 16 rupees. Currently, its market cap is 45000 crores.
Will SEBI check Ruchi Soya?
It is one of the top hundred companies in India and the top ten in the FMCG sector, in which it is ranked seventh. Hindustan Unilever Limited Company is number one, its market cap is around 500000 crores, its sales price of the financial year 2020 in ₹ 39720 crores.
While Nestle’s market cap at number two is Rs. 105000 crore, its sales price is Rs. 12295 crore while Ruchi Soya’s sales price is ₹13117 crore, so it can be said at number two. According to research analytics, the company has given 8800% return in 5 to 6 months and the public shareholding in it is only 0.95% which should be at least 25%.
Keeping in mind this rule, some research analytics has given SEBI on this company. I have asked to keep a close watch. The hub of this company is in Delhi and Chief Minister Kejriwal asked for the investigation. But today its share price has seen a cut-off of 5% and whose stock closed today at ₹ 1443.70.
Which companies were behind by Ruchi Soya Company:
In starting HUL company made fun of Ruchi Soya Company but Ruchi Soya’s product is supplied in every household, like HUL.
Thus, the company has reached second place from HUL which is continuously earning profit. Which overtook the giants like Tata Consumer, Marico, Havells India, Lupine Punjab National Bank, Tata Steel, Hindalco, Colgate, Ambuja Cement, etc.