Buy Shree Renuka Sugars, says Rajat Bose

Rajat Bose of rajatkbose.com told CNBC-TV18, "Over the last several months Shree Renuka Sugars has been very flat and moving around its 200-day moving average, so if one is so keen to buy this sugar stock he/she should buy at current prices because it is a flat stock and consolidation process is on and it can continue."

Shree Renuka Sugars ended at Rs 15.50, up Rs 0.15, or 0.98 percent on the BSE.

The share touched its 52-week high Rs 22.40 and 52-week low Rs 12 on 26 July, 2017 and 08 June, 2017, respectively.

Currently, it is trading 30.8 percent below its 52-week high and 29.17 percent above its 52-week low.