Buy Shree Renuka Sugars: Sukhani

Sudarshan Sukhani of s2analytics.com is of the view that one can buy Shree Renuka Sugars.

Sukhani told CNBC-TV18, "I am upbeat on sugar. I have referred to this earlier also that the sector itself - all the companies in that sector are silently building basis and moving up. I would be a buyer here in Shree Renuka Sugars. In fact, it is a good trade for the day."
At 10:05 hrs Shree Renuka Sugars was quoting at Rs 24.80, down Rs 0.10, or 0.40 percent. It has touched an intraday high of Rs 25 and an intraday low of Rs 24.75.
The share 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 36.08 percent below its 52-week high and 17.26 percent above its 52-week low. Market capitalisation stands at Rs 1,664.87 crore.