Ruchi Soya has been in the news, mostly on the positive side for the past two three quarters. Also technically the stock has been continuously supported at Rs.18-20 levels even during the turbulent times. Now, after the two pacts with Patanjali and the investment by the PE pirm Devonshire to buy a majority stake, does it make sense to invest in its shares at Rs.27 despite its huge debt? Any views on the stock?
Dont know about ruchi soya but there’s 1 stock which is madly going up & up everyday locked in upper circuit since one month. Price has trippled already. Stock name is Sanwaria agro.
If it turns around then you can make quite a good sum of money. If not then you will have to forget your investment. The way I look at it it is an all or nothing bet.
The number looks horrible, but I read some good things about Dinesh Shahra, MD. It is also an opportunity cost, can you find a betetr investment opportunity thank this?