Ruchi Soya FPO is listed at a strong premium. Should you sell, hold or buy?

According to stock market investors, the bidders who applied for arbitrage included Ruchi Soya FPOIt is advisable to book benefits and exit while those who have applied Ruchi Soya Shares One can book 50% profit keeping in mind the longer tenure and hold the remaining investment for a target of 3 months Reversing the stop loss at the level of 1,000 per share 740 per share level.

Speaking on the Ruchi Soya FPO listing; Ravi Singhal, Vice Chairman, GCL Securities said, “Those who have received shares of Ruchi Soya during allotment are advised to book 50 per cent profit and keep the rest for the target of 3 months. 1,000 at each level while maintaining a strict trailing stop loss 740 per share level.” Ravi Singhal of GCL Securities said that raw material prices in FMCG segment are rising and the company has good buffer stock which will give them margin gains in the near term. Hence, the company expects a strong report. is the quarterly number in the short to medium term.

Resonating with the thoughts of Ravi Singhal; Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “Ruchi Soya share price may witness some selling pressure on an immediate basis as it may see unwinding in FPO arbitrage positions. Hence, investors who have opted for arbitrage gains applied, they should book profit and exit.While long term investors can stay invested as many positive things are going on for the company such as reduction in palm oil and oilseeds is expected to improve realizations, which That bodes well for profitability in the short to medium term.

Ruchi Soya’s share price has risen in the last two days from 750 885 each level (its intraday high on NSE), registered a rise of around 18 per cent over the period.

Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.