Is Renuka Sugars a good buy?
Shree Renuka Sugars grew its revenue by 17% last year. We respect that sort of growth, no doubt. The revenue growth is decent but the share price had an even better year, gaining 224%. Given that the business has made good progress on the top line, it would be worth taking a look at its path to profitability.
Will Renuka share price increase?
As on 9th Sep 2021 RENUKA Share Price closed @ 26.15 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 30.91 & Strong Sell for SHORT-TERM with Stoploss of 30.91 we also expect STOCK to react on Following IMPORTANT LEVELS….RENUKA Share Price.
Why is Renuka sugar falling?
Due to the falling domestic sugar prices and the company’s aggressive expansion plans for South America, Shree Renuka Sugars has been reeling under debt.
Who is owner of Renuka Sugars?
Wilmar Sugar Holdings Pte. Ltd.
Shree Renuka Sugars/Parent organizations
Why have sugar prices gone down?
Sugar stocks retreated on Friday after the central government cut subsidy on sugar exports. The sector has been an outperformer due to a combination of higher sugar prices and low raw material (sugarcane) prices.
What happened to Shree Renuka Sugars?
Shree Renuka Sugars hit a lower circuit of 5% at Rs 31.95 after the company reported a consolidated net loss of Rs 240.4 crore in Q1 FY22 as against a net loss of Rs 34.9 crore in Q1 FY21. Revenue from operations declined by 36.7% YoY to Rs 829.5 crore during the quarter.
Is sugar a good investment?
Currently, sugar provides a good investment opportunity since it is highly correlated with the oil price, which trades at a historic low due to the oil price war, while oil is only investable for investors with bigger funds due to the contract size, which is more than twice as high as the sugar future contract size.
What is the stock price of Shree Renuka Sugars?
Shree Renuka Sugars Ltd. share price up byup by 2.84%3.41% from its previous close of Rs 7.057.04. Shree Renuka Sugars Ltd. stock last traded price is 7.257.28.
What is the stock price of Rana sugars?
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What kind of business does Shree Ren Sug have?
Shree Renuka Sugars Ltd., incorporated in the year 1995, is a Small Cap company (having a market cap of Rs 8,790.66 Crore) operating in Sugar sector. Shree Renuka Sugars Ltd. key Products/Revenue Segments include Sugar, Ethanol & Allied Products, Sugar & Ethanol, Export Incentives, Power, By Products for the year ending 31-Mar-2020.
What kind of sugar is produced by RSL?
RSL is also a preferred bottler of several leading liquor brands.The following categories of sugar are manufactured:Double Refined White Sulphurless Sugar,Plantation White Sugar and Raw Sugar..The company also in the business activities of Distillery, Power Generation, White Crystal Sugar.