Ruchi Soya shareholders okay appointment of Ramdev on board; stock up 4.5%

Ruchi Soya had sought shareholders' approval to re-designate Acharya Balkrishna as chairman of the company and appointment of Swami Ramdev, 49, as a director on the company board

Shares of Ruchi Soya gained as much as 4.5 per cent to hit an intra-day high of Rs 690 on the BSE on Wednesday after shareholders of the company approved the appointment of Yoga guru Swami Ram Dev, his younger brother Ram Bharat and close aide Acharya Balkrishna on the company's board.

At 12:55 pm, the stock was trading 4.47 per cent higher at Rs 689.9, as against a 0.68-per cent rise in the benchmark S&P BSE Sensex. From its 52-week low of Rs 16, hit on January 27, 2020, the stock has zoomed a massive 4,025 per cent on the