Shree Renuka can test Rs 35: Shruti Vora

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Shree Renuka can test Rs 35: Shruti Vora

Shruti Vora of Antique Stock Broking feels that Shree Renuka Sugars can test Rs 35.

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Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Shruti Vora See what other Experts & Brokerages are saying about Shree Renuka See messages about Shree Renuka

Shruti Vora of Antique Stock Broking feels that Shree Renuka Sugars can test Rs 35.

Vora told CNBC-TV18, "The volume breakout has occurred in anticipation of the positive news and Shree Renuka and Bajaj Hindusthan have bounced back from an oversold territory. I think for Shree Renuka and Bajaj Hindusthan you could see Rs 35 target on each, so somebody who is sitting with a long position should certainly hold but possibly get out once at about Rs 35 from a trading perspective."

Shree Renuka's trailing 12-month (TTM) EPS was at Rs 1.19 per share. (Sep, 2011). The stock's price-to-earnings (P/E) ratio was 24.58. The latest book value of the company is Rs 27.25 per share. At current value, the price-to-book value of the company was 1.07. The dividend yield of the company was 3.42.