Shree Renuka Sugars

Sugar stocks rally after government decontrols sector

SugarMumbai, April 5 : Scrips of sugar mills rallied a day after the government decontrolled the Rs. 80,000 crore (around $15.5 billion) sugar industry in line with the suggestions of a panel headed by C. Rangarajan, chairman of the prime minister's economic advisory council.

Stocks of companies like Shree Renuka Sugars, Bajaj Hindustan, Balrampur Chini Mills and Dhampur Sugar Mills rallied at the Bombay Stock Exchange (BSE) after the government allowed the millers to sell all of their produce in the open market.

Hold Shree Renuka Sugars With Stop Loss Of Rs 66

Hold Shree Renuka Sugars With Stop Loss Of Rs 66Technical analyst Kunal Saraogi has maintained 'hold' rating on Shree Renuka Sugars Limited stock with a stop loss of Rs 66.

According to analyst, the investors can exit on rally to around Rs 80-82.

The stock of the company, on March 01, closed at Rs 164.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 108.15 and a low of Rs 53 on BSE.

Sell Shree Renuka Sugars With Stop Loss Of Rs 80.50

Sell Shree Renuka Sugars With Stop Loss Of Rs 80.50Technical analyst Mitesh Thacker has maintained 'sell' rating on Shree Renuka Sugars Limited stock with targets of Rs 73 and 69.

According to analyst, the stock can be sold below 77.25 with stop loss of Rs 80.50.

Today, the stock of the company opened at Rs 78.45 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 108.15 and a low of Rs 53 on BSE.

Buy Shree Renuka Sugars With Target Of Rs 102

Buy Shree Renuka Sugars With Target Of Rs 102Technical analyst Pankaj Jain of Satguru Capital has maintained 'buy' rating on Shree Renuka Sugars Limited stock with a target of Rs 102.

The analyst said that the stock can be purchased with a stop loss of Rs 91.

The stock of the bank, on December 15, closed at Rs 155.55 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 202.25 and a low of Rs 108 on BSE.

Current EPS & P/E ratio stood at 13.06 and 12.16 respectively.

Short Term Buy Call For Shree Renuka Sugars

Short Term Buy Call For Shree Renuka SugarsTechnical analyst Mitesh Thacker has maintained 'hold' rating on Shree Renuka Sugars Limited with a target of Rs 91.

The analyst said that the stock has strong support at Rs 75.

Today, the stock of the company opened at Rs 76.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Buy Shree Renuka Sugars With Stop Loss Of Rs 90

Shree_Renuka-Sugars.Stock market analyst Nishant Jain of Tradeswift Broking has maintained buy rating on Shree Renuka Sugars Limited stock with a 1-2 day target of Rs 98.

Mr. Jain said that the stock can be purchased with a stop loss of Rs 90.

The stock of the company, on November 15, closed at Rs 143 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Shree Renuka Sugars Ltd registered an increase of 15.5% in its consolidated net profit, which stood at Rs 116.9 crore for the three month period ended on September, 30, 2010.

Intraday Buy Call For Shree Renuka Sugars

Intraday Buy Call For Shree Renuka SugarsTechnical analyst Anu Jain is bullish on Shree Renuka Sugars Ltd and has recommended 'buy' rating on the stock with a target of Rs 104 in its latest research report.

According to Jain, the interested investors can buy the stock with a stop loss of Rs 95.50.

The stock of the company, on Nov 05, closed at Rs 97.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

According to latest reports, Shree Renuka Sugars Ltd would announce its quarterly outcomes on November 15.

Buy Shree Renuka Sugars With Stop Loss Of Rs 78

Buy Shree Renuka Sugars With Stop Loss Of Rs 78Stock market analyst Ketan Karkhanis of ICICI Securities has maintained 'buy' rating on Shree Renuka Sugars Ltd stock to achieve a target of Rs 96.

According to analyst, the interested investors can buy the stock with a strict stop loss of Rs 78.

The stock of the company, on Sep 27, closed at Rs 85.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Buy Shree Renuka Sugars With Target Of Rs 84

Buy Shree Renuka Sugars With Target Of Rs 84Stock market analyst Ashwani Gujral has maintained 'buy' rating on Shree Renuka Sugars Ltd stock with a target of Rs 84.

The strict stop loss for the stock is Rs 62.

Today, the stock of the company opened at Rs 70.50 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Shree Renuka Sugars, on Sep 06, declared that it has altered the name of its Brazillan arm Equipav S. A. Acucar e Alcool (Equipav).

Brazilian buy may enhance Renuka Sugars' bottomline in next quarter

Shree-Renuka-SugarsSugar-refiner Shree Renuka Sugars (SRSL) has informed that there has been an impressive two fold net profit rise in the June quarter of the ongoing financial year. But the company is looking forward to post superior net profit figure in the upcoming quarter.

As per the company officials, the company has got benefited from its overseas acquisitions in the reviewed quarter and it is expected to continue that performance in the coming quarter as well.

Buy Shree Renuka Sugars With Target Of Rs 76

Buy Shree Renuka Sugars With Target Of Rs 76Stock market analyst Salil Sharma has maintained 'buy' rating on Shree Renuka Sugars Ltd stock to achieve a target of Rs 76.

According to analyst, the investors can hold the stock with stop loss of Rs 63.

The stock of the company, on June 29, closed at Rs 493.70 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Shree Renuka Sugars Intraday Buy Call

Shree Renuka Sugars Intraday Buy CallStock market analyst Sanjeev Agarwal is of the view that investors can buy Shree Renuka Sugars Ltd stock to achieve an intraday target of Rs 72.

According to analyst, the investors can buy the stock with stop loss of Rs 62.

The shares of the company, on June 17, closed at Rs 65.80 the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Shree Renuka Sugars announced a phenomenal growth in standalone net profit for the three month period ended March 2010.

Shree Renuka Sugars Intraday Buy Call

Shree Renuka Sugars Intraday Buy CallStock market analyst Salil Sharma is of the view that investors can buy Shree Renuka Sugars Limited stock to achieve an intraday target of Rs 65.

According to analyst, the investors can buy the stock with stop loss of Rs 61.

The shares of the company, on June 08, closed at Rs 62.65 the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

Intraday Buy Call For Shree Renuka Sugars

Intraday Buy Call For Shree Renuka SugarsTechnical Analyst Salil Sharma has maintained 'buy' rating on Shree Renuka Sugars Ltd stock with an intraday target of Rs 63.50.

According to Mr. Sharma, the investors can buy the stock with stop loss of Rs 58.

The stock of the company, on June 01, closed at Rs 60.85 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

According to reports, Shree Renuka Sugar is reconstituting its projected 51% acquisition deal of Equipav.

Buy Shree Renuka Sugars

Buy Shree Renuka SugarsTechnical analyst Rakesh Bansal of New Age Wealth is of the view that investors can 'buy' Shree Renuka Sugars Ltd stock with target of Rs 65.

According to analyst, the interested investors can purchase the stock with stop loss of Rs 55.

The stock of the company, on May 27, closed at Rs 55.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 123.60 and a low of Rs 53 on BSE.

As per reports, the discussion between Shree Renuka and Brazil's Equipav Group whereby the former decided to get hold of majority stake of 51% stake the latter, have fallen through.

Financial results turn sweet for Shree Renuka Sugars

Shree-Renuka-SugarsBranded sugar company, Shree Renuka Sugars reported its quarterly profits on Tuesday. The figures show that there has been an exponential increase in its results.

But even with this there has been a big slide in its margins. This has happened because of the price of raw sugar as well as other sweeteners slid after India imported sugar from outside.

Also, the government has made stricter norms regarding the storage and selling of sugar in the open market.

50.79 percent share acquired by Shree Renuka Sugars in a large Brazilian sugar firm

Shree-Renuka-SugarsAfter the company said it was acquiring majority stake in a large Brazilian sugar and ethanol firm, the scrip of sugar refining major Shree Renuka Sugars Ltd (SRSL) rose more than 3.94 percent at the Bombay Stock Exchange during morning trade Monday.

Before settling to Rs. 184.10, the SRSL stock rose more than 3.94 percent to Rs. 187 during morning trade, an increase of 2.33 percent from its previous close at Rs. 179.90.

Shree Renuka Sugars acquires Brazilian company, increases capacity

Shree Renuka Sugars acquires Brazilian company, increases capacityShree Renuka Sugars, India's biggest refiner has announced that it has acquired Brazilian company Equipav SA Acucar e Alcool for Rs 1,530 crore.

Equipav is the seventh-largest sugar maker in the world's largest sweetener producing country with a capacity 10.5 million tonne a year. The company has two plants in Sao Paolo.

Buy Shree Renuka Sugars For Target Rs 215

Buy Shree Renuka Sugars For Target Rs 215Stock market analysts are of the view that investors can buy Shree Renuka Sugars Ltd stock to achieve an intraday target of Rs 211.

According to them, investors can buy the stock above Rs 209 with a strict stop loss of Rs 207.

If the stock markets remain on the positive path then the stock price will hit a target above Rs 215.

Shares of the company, on Monday (Feb 01), closed at Rs 207.95 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 247.20 and a low of Rs 72.20 on BSE.

Sell Shree Renuka Sugars With Stoploss Of Rs 216

Sell Shree Renuka Sugars With Stoploss Of Rs 216Stock market analysts are of the view that investors can sell Shree Renuka Sugars Ltd stock with a target price between Rs 210-205.

According to them, investors can sell the stock below Rs 212 with a strict stop loss of Rs 216.

If the stock fell below Rs 202, it may see more weakness.

Today (Jan 28), the stock opened at Rs 218.50 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 247.20 and a low of Rs 67.50 on BSE.



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