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Ruchi Soya FPO (Follow-on Public Victim) Registered today in India Bourses provides a strong premium to allottes. In NSE, Ruchi Soya’s stock price today opened on ₹ 855 while in BSE opened at an ₹ 850 level of each, giving more than 30 percent premium to customers who received FPO allocation shares through the FPO allocation process.
According to stock market investors, bidders who submit an arbitration application in Ruchi Soya FPO, are advised to order profits and exit while those who have submitted a request for ruchi soybean shares keeping the long-term time horizon in mind can order 50 percent of the remaining investment and investment resistance The 3-month target with a level of ₹ 1,000 per share that makes Trailing Stop Loss at the level of ₹ 740 per share.
Talking about listing Ruchi Soya FPO; Ravi Singhal, Deputy Chairperson at GCL Securities said, “Those who get Ruchi Soya shares during allotment are recommended to order 50 percent of the profit and hold the rest for 3 months target ₹ 1,000 Tight Stop Loss level with ₹ 740 per share level.” Ravi Singhal of GCL Securities continues to add that raw material prices in the FMCG segment soaring and the company has good stock buffers that will give them the benefits of margins in the near future. So, the company is expected to report a strong quarterly number in the short to medium term.Echo with views of Ravi Singhal; Santosh Meena, Head of Rison in Swastika Investmart Ltd. said, “Ruchi Soya’s share price might see some direct sales pressure because it might look relax in the position of the FPO arbitration. Therefore, investors who submit an arbitration request, must open profit and come out while term investors Long can remain investment because some positive things happen for companies such as lack of palm oil and oil seeds is expected to increase realization, which adds good for profitability in the medium term. “
In the last two days, the stock price of Ruchi Soya has risen from ₹ 750 to ₹ 885 respectively (Intraday high on NSE), entered close to an increase of 18 percent in this period.
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