Stock 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).

The new name of Shree Renuka Sugars' Brazillan division is Renuka do Brasil S/A.

India's biggest sugar refiner, Shree Renuka Sugars, registered an increase of more than 15.4% in its consolidated net profit for the three month period ended June 30.

The company has recorded a net profit of Rs 90.2 crore for Apr-Jun period as compared to a net profit of Rs 78.1 crore in the same period of 2009.

Shree Renuka Sugars recorded sales of Rs 796.3 crore during the quarter as compared to Rs 585.9 crore in the same period a year ago.

Total income of the company surged to Rs 2,042.1 crore in April-June quarter from Rs 889.6 crore April-June quarter of last year.