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.

Shree Renuka Sugars Ltd's standalone net profit for the three month period ended September 2010 dropped 76.35% to Rs 114.00 million as compared to Rs 482.00 million during the corresponding period of last year.

Net sales for the three month period grew by 66.54% to Rs 14,261.00 million.

The company's total income climbed 68.54% to Rs 14,309.00 million as compared to the prior year period.

The company recorded an EPS of Rs 0.17 in the quarter under review recording 84.96% fall over prior year period.