Shree Renuka can test Rs 125-141: N Pillai

Neppolian Pillai, Head Institutional Equity, Modern Shares & Stock Brokers is of the view that Shree Renuka can test Rs 125-141.

Pillai told CNBC-TV18, "I think Rs 103 to Rs 99 is a great support for Renuka. If I have to choose one stock between Renuka Sugars and Balrampur Chin, I think it is going to be Renuka. Beyond Rs 115 today I think it is going to create a breakout for itself to move towards around Rs 125 to Rs 141 levels. One should keep buying the stock as long as it does not break Rs 100 level on the downside, it will always give you an upside from there."

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