Shree Renuka Sugar may rally 10- 15%: Sukhani

Shree Renuka Sugar may rally 10- 15% from current levels, says Sudarshan Sukhani, s2analytics.com.

Sukhani told CNBC-TV18, “I would say that there are lots of midcaps that are doing well. One of them is Shree Renuka Sugar. Renuka has been a recommendation earlier, it’s done well in the sense that it has moved up. At current levels there is a sense that Renuka is rearing to go maybe 10 percent, maybe 15 percent higher.”
He further added, “In a market that’s broadly and generally going up short selling should be done with a lot of care and preferable avoid it and then this is news driven. We have seen how JSPL has been moving up and down with news so if some favorable news comes the short seller can be squeezed therefore while the levels justify short selling as a matter of tactics I would not actually do it.”