Buy Shree Renuka Sugars: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com told CNBC-TV18, "One can buy Shree Renuka Sugars looking at one or two trading sessions. It corrected from the level of Rs 25. It has very strong support near to Rs 20, so it can give a bounce back. It can test Rs 23 in next one or two trading sessions. One can buy at current levels keeping a strict stoploss of Rs 19."

At 14:29 hrs Shree Renuka Sugars was quoting at Rs 21.65, up Rs 1.85, or 9.34 percent. It has touched an intraday high of Rs 22.40 and an intraday low of Rs 20.10. The share touched its 52-week high Rs 35.90 and 52-week low Rs 14.50 on 10 December, 2012 and 28 August, 2013, respectively. Currently, it is trading 39.69 percent below its 52-week high and 49.31 percent above its 52-week low. Market capitalisation stands at Rs 1,453.41 crore. Disclosure: He has no personal holdings in the stock discussed, but may have advised to clients.