Go long on Shree Renuka Sugars: Sukhani

Sudarshan Sukhani of s2analytics.com advises to go long on Shree Renuka Sugars at current levels.
 
Sukhani told CNBC-TV18, "I would be buying Shree Renuka Sugars; in fact it was a buying suggestion yesterday afternoon and that should continue. Shree Renuka has bottomed out in the short-term. It has done something better while the market was going down. Therefore, take a long trade.”
 
Shree Renuka Sugars touched its 52-week high Rs 38.80 and 52-week low Rs 21.15 on 04 October, 2012 and 26 March, 2013, respectively. Currently, it is trading 33.38 percent below its 52-week high and 22.22 percent above its 52-week low. Market capitalisation stands at Rs 1,735.36 crore.