Shree Renuka can test Rs 81-85: Thacker

39739 Investors following Shree Renuka. Share this News with them.

0

Like this story, share it with millions of investors on M3

Shree Renuka can test Rs 81-85: Thacker

Shree Renuka Sugars can test Rs 81-85, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Post your opinion here

 

0

Tweet

Share on Tumblr

Excerpts from Bazaar on CNBC-TV18 Watch the full show » ALSO READ See previous views by Mitesh Thacker See what other Experts & Brokerages are saying about Shree Renuka See messages about Shree Renuka Shree Renuka BSE | NSE 10/02/12 Are Mutual Funds betting on Shree Renuka?

Shree Renuka Sugars can test Rs 81-85, says Mitesh Thacker , Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "We have been tracking the largecaps ones, we like Balrampur Chini, Shree Renuka Sugars, I would probably maintain a buy on both these stock. Shree Renuka with a stop loss is around Rs 68, it could head towards Rs 81 to Rs 85 in the short-term and similarly Balrampur Chini - I would look at targets around Rs 97 to Rs 100."

The company's trailing 12-month (TTM) EPS was at Rs 6.68 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 11.15. The latest book value of the company is Rs 18.59 per share. At current value, the price-to-book value of the company was 4. The dividend yield of the company was 1.34%.