Go long on Shree Renuka, Balarampur Chini: Sukhani

Sukhani told CNBC-TV18, “Sugar had a volatile week but in that volatility it went through a very sharp correction. Sugar is prone to these violent moves up and down. But luckily for buyers that downside move is now over. So if at all any violent move is going to come it should be on the upside. We are now buying after a correction on a dip. So the trades that are worth buying into are Shree Renuka Sugar and Balarampur Chini and both of them justify taking a long position.”

Shree Renuka is trailing 12-month (TTM) EPS was at Rs 0.36 per share. (Mar, 2012). The stock's price-to-earnings (P/E) ratio was 88.61. The latest book value of the company is Rs 26.64 per share. At current value, the price-to-book value of the company was 1.2. The dividend yield of the company was 3.13%.