Ruchi Soya spurts on targeting 15-20% growth in top-line over two years

Ruchi Soya Industries is currently trading at Rs. 44.25, up by 1.25 points or 2.91 % from its previous closing of Rs. 43.00 on the BSE. The scrip opened at Rs. 43.30 and has touched a high and low of Rs. 44.90 and Rs. 43.15 respectively. So far 81460 shares were traded on the counter. The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 70.90 on 06-Jun-2013 and a 52 week low of Rs. 26.15 on 23-Aug-2013. Last one week high and low of the scrip stood at Rs. 48.55 and Rs. 39.50 respectively. The current market cap of the company is Rs. 1491.58 crore. The promoters holding in the company stood at 55.89 % while Institutions and Non-Institutions held 15.55 % and 28.56 % respectively. Ruchi Soya Industries is expecting a 15-20% growth in top-line over the next two years. At present, the company’s annual turnover is Rs 30,000 crore. Of total, contribution of the edible oil business was Rs 16,000 crore, the balance being exports and sale of soya chunks. The leading edible oil manufacturer has a nationwide market share of 18% in the packed edible oil business. Ruchi Soya is India’s leading FMCG Company, India’s number one cooking oil and soy food maker and marketer. It is also the highest exporter of soya meal, lecithin and other food ingredients from India.