Patanjali's Ruchi Soya loses 30% of its value in 9 days after 8980% rally

Shares of edible oil maker Ruchi Soya, acquired by a consortium led by Patanjali, have declined over 30% in nine days after surging 8,980% since relisting in January. The company's market value has fallen by ₹14,200 crore from a peak of around ₹45,400 crore on June 29. Patanjali group currently owns a 99.03% stake in Ruchi Soya after a restructuring.