Ruchi Soya
Multibagger or is there more?
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Background
Background
Ruchi Soya (RUCHISOYA | 500368 | INE619A01035 ) is listed on BSE and NSE (Company Website).
Ruchi Soya traded at Rs.17 in Jan 2020, and trades at Rs.1,181 (as of 19th June 2020).......a whooping 68x in 5 months. It has a market capitalization of Rs.34,000+ Cr. All this when the Corono Virus impact on the overall market has been brutal.
Is this a bubble or some true mover?
Whats the deal?
# of shares BEFORE resolution plan : 33,41,00,722 (84.5% public, 15.5% promoter)
# of shares AFTER resolution plan : 29,58,41,007 (99% promoter, 1% public)
are being valued at 20x EV/EBITDA in current market.
References
References