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Moneycontrol.com >> Messageboard >> Stocks >> Shree Renuka >> Ready to board the Sugary waves
   You are here :     Moneycontrol     MMB    Stocks      Shree Renuka                         Most active discussions of 2006 , 2007 & 2008
Ready to board the Sugary waves (1)   26-Oct-09 17:36Track this thread   Tracked by (0)  
Posted by:   pritig4u on ( 26-Oct-09 17:36 )
Price : BSE: Rs 210.20 ( -2.12 % ), NSE: Rs. 210.10 ( -2.03 % )
The stock of Shree Renuka Sugars is all set to scale new heights,m due to all factors turning positive. The latest one being that the govt has done away with the SAP prices for cane sugar. Hence, it is a favour to all sugar companies. If a particular State govt announces higher price for sugarcane than the Central govt recommended price, then that State govt will have to pay that extra cost and not the sugar mills. Hence, it has been welcomed by all the sugar mills and it is bound to give bountiful returns. Earlier, due to higher price realisation for sugar/kg, which increased by about 50%, THIS CO. IS LIKELY TO POST A 400% JUMP IN ITS NET PROFITS for the Quarter ending Sept, 2009. Then see its stock price jump to Rs 290-300 level, just within 1 week of this announcement. Hence, accumulate this stock. Buy at every decline. Moneybhai
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