Business Standard

Ruchi Soya Industries hit down limit after soaring 3 times in 22 sessions

Market players said the stock is easily prone to manipulation as hardly any shares are with the public

Ruchi Soya
Premium

Previously, the stock had hit 5% lower circuit for six straight trading sessions between May 19 and May 27

Sundar Sethuraman Mumbai
Shares of Ruchi Soya Industries on Monday witnessed a fall after over a month amid reports of regulatory probe. 

The stock ended the day’s trade at Rs 1,432 after getting locked in 5 per cent lower circuit — indicating only sellers no buyers at the counter. 
In the previous 22 trading sessions, the stock had hit 5 per cent upper limit daily, jumping from Rs 520 on May 27 to Rs 1,520 last Friday. 

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in