Ruchi Soya hits lower circuit after 22-day rally

Shares of

Ruchi Soya

Industries on Monday witnessed a fall after over a month amid reports of regulatory probe. The stock ended the day’s trade at ~1,432 after getting locked in 5 per cent lower circuit — indicating only sellers no buyers at the counter. In the previous 22 trading sessions, the stock had hit 5 per cent upper limit daily, jumping from ~520 on May 27 to ~1,520 last Friday. Previously, the stock had hit 5 per cent lower circuit for six straight trading sessions between May 19 and May 27. Barring a few blips, Ruchi Soya’s share have been on a tear since trading resumed in the stock on January 17 after the acquisition by Pantanjali Ayurved.