Buy Shree Renuka Sugars With Target Of Rs 102
Technical 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.