Ruchi Soya was having a dream run from 16 odd levels. If you would compare the price rise then definitely rise to 700 from 16 odd levels makes Ruchi Soya a multibagger stock.
There were a lot of investors who were mesmerized with its rising prices. But as they say, there is nothing constant in life. Now the stock is locked in the lower circuit.
If we talk about numbers stock has given 38X return in just 4 months.
Speaking of fundamentals, there is nothing great in the company.
Company Details
There is no reason that stock should give massive returns in such a short period of time.
But, we all not stock markets are never rational.
Now, considering the present fall in stock price, it is nearly impossible to sell the stock. Because stock is stuck in the lower circuit.
Some of the reasons that you should avoid this stock at any level
- Stock is highly manipulated by operators.
- There are no fundamentals behind the company.
- Volume traded in the stock is very less.
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