Stock 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.

During the period under review, the company's profit surged 8.13 times to Rs 1,959.00 million as against Rs 241.00 million in the same quarter last year.

Net sales for the three month period rose 4.80 times to Rs 15,570.00 million, whereas total income for the quarter climbed 4.91 times to Rs 16,017.00 million.

The company reported RPS of Rs 3.04 during the quarter, registering 3.53 times increase over previous year period.