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Shree Renuka Sugars shares locked at 5% lower circuit as losses widen in June quarter

The company board will raise up to Rs 1,500 crore via qualified institutional placement.

August 03, 2021 / 10:07 AM IST
 
 
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Shree Renuka Sugars share price were locked at 5 percent lower circuit on August 3 after the company reported its June quarter numbers.

The company posted a net loss of Rs 241 crore in the quarter ended June 2021 against a loss of Rs 35.3 crore in the year-ago period.

Revenue of the company declined to Rs 829.5 crore against Rs 1310.7 crore, YoY.

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The company board will raise up to Rs 1,500 crore via qualified institutional placement.

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There were pending sell orders of 2,055,892 shares, with no buyers available.

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At 09:39 hrs, Shree Renuka Sugars was quoting at Rs 31.95, down Rs 1.65, or 4.91 percent on the BSE.

The share touched a 52-week high of Rs 47.75 and a 52-week low of Rs 8.36 on 06 July, 2021 and 25 September, 2020, respectively.

Currently, it is trading 33.09 percent below its 52-week high and 282.18 percent above its 52-week low.
Moneycontrol News
first published: Aug 3, 2021 10:07 am

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