Hold Shree Renuka, says Thacker

Hold Shree Renuka, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

Thacker told CNBC-TV18, "The entire sugar sector has been doing very well. We have seen lot of buy signals continue. Very clearly uptrends have been established over here. So my belief is that over the next 3 to 5 weeks you would see good price appreciation happening in all these stocks. I think hold on to the position in Shree Renuka." The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share. (Sep, 2010). The stock's price-to-earnings (P/E) ratio was 16.04. 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 5.29. The dividend yield of the company was 1.02%.