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Ruchi Soya soars on plan to foray into brand ready-to-cook food segment

04 Apr 2014 Evaluate

Ruchi Soya Industries is currently trading at Rs. 33.30, up by 1.40 points or 4.39% from its previous closing of Rs. 31.90 on the BSE.

The scrip opened at Rs. 32.00 and has touched a high and low of Rs. 33.60 and Rs. 32.00 respectively. So far 135833 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 73.85 on 29-Apr-2013 and a 52 week low of Rs. 26.15 on 23-Aug-2013.

Last one week high and low of the scrip stood at Rs. 33.60 and Rs. 27.40 respectively. The current market cap of the company is Rs. 1102.35 crore.

The promoters holding in the company stood at 55.86% while Institutions and Non-Institutions held 15.80% and 28.35% respectively.

Ruchi Soya Industries is planning to enter into the brand ready-to-cook food segment. The company will be launching these products in the next one to two years. Another product in the pipeline is tomato-based ketch-up and sauces. The company is setting up a tomato processing unit in Maharashtra in a joint venture with Japan’s Kagome and Mitsui. The plant will be ready within a year.

Ruchi Soya is India’s leading FMCG Company, India’s number one cooking oil and soy food maker and marketer. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.

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