Technical Analyst, Ashwani Gujral is of the view that above Rs 135, Shree Renuka Sugars can test Rs 160.

Gujral told CNBC-TV18, "For Shree Renuka Sugars Rs 135 is a key resistance here. Once you can take that out it could be headed upto Rs 160 although considering all these inflation measures sugar has under perennial threat of coming under controls. So if you can get it around Rs 100-105 that becomes a good trade upwards."

Disclosure: It is safe to assume that analyst and his clients may have an interest in the above stock/sector.