Ruchi Soya FPO: Shares available at deep discount but should you subscribe? - Economic Times

“The industry is valued at a TTM PE of 31.5x and Ruchi Soya's TTM PE multiple is 33.5x while the FPO is valued at a multiple of 21x. Hence, we recommend ‘SUBSCRIBE for the listing and long-term gains for this FPO,” said Parvati Rai, Head Research at KRChoksey…

NEW DELHI: Most analysts tracking Ruchi Soya Industries' follow-on public offer (FPO) said investors can apply for shares with a long term view given the price band is at a significant discount. At … [+3072 chars]

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