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Ruchi Soya Q3 net rises 253%

Ruchi Soya Industries has posted 254 per cent increase in net profit at Rs 40.24 crore for the quarter ended December 31, 2009 as compared to Rs 11.38 crore in the corresponding quarter last year.Net sales of the company rose 26.84 per cent from Rs 2,995.35 crore to Rs 3,799.45 crore. Net profit during the first nine months of the current fiscal jumped 57 per cent to Rs 138.64 crore from Rs 88.25 crore in the same quarter of the previous year. Net sales for the nine-month period ended December rose 20.91 per cent .

Company News - Ruchi Soya

Ruchi Soya Industries Ltd has said that the company on March 11 expanded their product portfolio by launching - N'rich in the beverage segment. N'rich is a tasty protein drink available in three flavours, Apple Kiwi, Apple Peach and Multifruit rich in vitamins, minerals and antioxidants. The product is packaged in TetraPak packs, with cold fill technology and spill-proof double seal cap.

Stocks to watch on Monday

Stocks to watch on Monday (The Economic Times 21th Jan 2008) Tata Motors, Britannia, Mirc Electronics, Binani Cement,Parsvnath Developers, ICICI Bank, Ruchi Soya, Bliss GVS Pharma Equities are likely to remain under pressure following weakness in the global markets on fear of recession in the US economy. US stocks tumbled on Friday on worry that a White House effort to boost the economy may not prevent a recession. Stocks erased earlier gains after President Bush said a government plan to stimulate the economy should be about 1 percent of gross domestic product, or as much as $150 billion. Back at home, in a development signalling the imminent acquisition of Ford’s European brands Jaguar and Land Rover, Tata Motors has started talks with a host of banks to raise funds to finance the purchase. Calyon Bank, Standard Chartered Bank, ABN Amro, ICICI and SBI are believed to be in talks with Tata Motors. Shares of Tata Motors closed 3.35 per cent down at Rs 712.20. More